Stock market bulls and most economists think that a new bull market and economic recovery are underway. Most bears are looking for either a long sideways bear market à la 1966-1982, or a hyperinflationary run to infinity. Our Elliott Wave outlook opposes both of these scenarios. The most likely profile is a stock market crash of historic proportions.DOW under 1000? Yeah, that would be historic, to say the least!
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case. Bloomberg.
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