The forecasts are getting scarier.Every bull run has its share of optimistic forecasts. And every bear run has its share of pessimistic forecasts. Here is one pessimistic forecast that I came across a couple of days back:
...if we're right, this bear market won't end until the Dow trades under 5,000...and possibly under 2,000. And it won't end until the price of gold and the Dow are about the same number. -Bill Bonner (Bonner is Editor of The Daily Reckoning, a widely followed investment newsletter. I and my colleague Sundar happened to interview him sometime back. You can read the complete interview here)