Tuesday, July 12, 2011

Coming into the Far Turn Russell Napier and Albert Edwards Lead the Gloomster Stakes But Felix Zulauf is Making a Move With an S&P at 500 Prediction

Napier is at 400
Albert says 450
Bob Janjuah trails at 550.
See "Take That Albert Edwards: "The Bear Market Bottom Will Be S&P 400"--Russell Napier"

From Pragmatic Capitalism:
FELIX ZULAUF: THE SECULAR BEAR MARKET WILL LAST ANOTHER 5 YEARS
Good thoughts here by Felix Zulauf of Zulauf Asset Management (thanks to Barry Ritholtz).     Zulauf believes the global economy remains in a deep contraction that has been only papered over by government spending.  But he sees austerity setting in now and now contributing to the decline in growth.  He predicts another 5 years in the secular bear market with the S&P 500 dropping to 500 by the middle of the decade.  Additional summary...MORE
This is going to be a long race.
In the meantime: