Thursday, October 27, 2011

The S&P500 Still Has A Date With 950

So says James Kostohryz, here:

Europe will be back to square one and descend toward a terminal crisis – ostensibly the same crisis -- within a matter of weeks or months. Global equity markets will collapse, and the S and P 500 will test and possibly penetrate recent lows of around 1,075 on the way to a date with 950-1,020.