SHILLING: S&P 500 Will Drop 43% This Year

[vox]

http://www.realclearmarkets.com/video/2012/04/12/shilling_sp_500_will_drop_43_this_year.html

Economist Gary Shilling spoke about the outlook for the U.S. economy with Bloomberg Television and said that the S&P 500 will drop 43% from its recent level this year. Shilling said, "the analysts have been cranking their numbers down…I think that is true because you have foreign earnings that don't look good because of recession unfolding in Europe, stronger dollar…a hard landing in China."


Shilling also said that, "in the U.S., we could see a moderate recession led by consumer retrenchment."

 

[swissaustrian]

This guy also sees the 30year treasury dropping below 2.5%.
That's gonna kill his portfolio eventually

 

[ancona]

I have to agree with Shiling opn the S&P, and would like to add that the DOW is poised to fall through the floor as well. I truly believe that we all need to fasten our safety belts and put on a pair of Big Boy Pants, 'cause it's 'gonna get stupid out there folks, and I mean as soon as this summer.

 

[mmerlinn]

I truly believe that we all need to fasten our safety belts and put on a pair of Big Boy Pants, 'cause it's 'gonna get stupid out there folks, and I mean as soon as this summer.

You have no clue whatsoever how stupid it is going to get out there, but you are correct, this summer will begin to show us all of that stupidity.

Based on history, I believe there will be momentous events happen on or near Independence Day, particularly with the EU, and maybe here in the U.S.

 

[KMS]

Haha.. The suspense is killing me! /popcorn

 

[vox]

I have to agree with Shiling opn the S&P, and would like to add that the DOW is poised to fall through the floor as well. I truly believe that we all need to fasten our safety belts and put on a pair of Big Boy Pants, 'cause it's 'gonna get stupid out there folks, and I mean as soon as this summer.

Anc...can you expand on this?

Why do you indicate the summer? What's the reasoning on your timing?

 

[rblong2us]

what happened to all the mid / late march predictions for SHTF ?

 

[pmbug]

QE3 to the rescue! /wait-and-see