Predictions for 2009
After the end-of-year window dressing wears off, like so much Shinola, January will come. There will be a flurry of buying lasting perhaps a week, and then some beige book or similar will come along showing that things are as bad as everyone thought they were, and the bottom will fall out. I believe there will be S+P 700 by March. Sometime in 2009 Dow hits 5000, and the banks - TARPed, unTARPed, whatever - will lead the way.