``CI: In 1999 your forecast for the NASDAQ crash was 80%, with no recovery to tear 2000 peak for ten years or more. In 2007 you said the S&P500 destined to correct 40% in 2008. This time? EJ: The difficulty in forecasting the extent is lack of precedent.. My estimate in 2011 was for the early 2014 DJIA correction on the order of 60%, and I'll stick with that.''

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