Mauldin 10/28/2008; He's Right! He's Wrong!
and right again. From the depths of the deep dark sea...
S&P just closed at 969, heading to 666 (ok, 667, but the devil none the less) in a few short months.
Sheesh- look this letter up;
"How Shall We Then Invest?" John Mauldin Thoughts from the Frontline.
It's kind of a tough read. He get's into an "argument" between Warren Buffett and Jeremy Grantham, two smart cookies. By way of Crestmont Research, if Grantham is correct, boo-hoo. If Buffet is correct, in 2013 (hey, that's now!!) the S&P will be at 1,836 (based on earnings reverting to the mean...not likely says JG, totally likely says WB).
1,836 you say? in 2013??