Wednesday, 18 May 2011

Russell Napier: The Bear Market Bottom Will Be S&P 400

http://www.businessinsider.com/russell-napier-the-bear-market-bottom-will-be-sp-400-2011-5

Regardless of which outcome is picked, Napier's target for the S&P, which just happens to coincide with that of Albert Edwards, is not pleasant for the bulls: 400 (or somewhere in that vicinity). And that will be the true generational buying bottom.

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SS says

I completely agree with him on SPX at 400

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