Gary Shilling's 2009 Predictions: More of the Same Pain

The dollar? Well as soon as the US economy (followed by the world economy) recovers, the dollar is going to tumble, until then it is the "flight to safety". 2010 the dollar falls big as the economy recovers. But no recovery until GM/Chrysler situation stabilizes (or vaporizes). No housing bottom guys. Also look at interesting Municipal Bonds, good yields.

Keep up the good work guys. Market still moving higher, I'll wait for you to start getting more positive actors on your show before I sell my stocks. So far I'm up about 40% while you keep up the drumbeat of hyper negative outlooks. Not sure what service you are trying to provide but it's working for me. Well done. PS I like your clipboard, makes you look scholarly.

I see this as another buy and hold signal. When the "experts" are crying the blues and selling, that's the time to buy. Five years from now these bargains are going to be looking pretty good. That will be the time to sell because everyone else will be buying and wishing they had been buying in 2009. Happens every time.

This guy is funny. The markets will rally for the next two years-and this guy is saying it will go even lower! Look at the P/E ratios-they are very very cheap. If you get to buy a business for 7 years earnings U TAKE IT! Liz

Gary Shilling, I agree with you. We're in a bear market rally that will not last past 9924 on the DJIA. We will see new lows for this bear market before we cross 10000 on the DJIA. Housing market to me should not bottom until late 2012, unlike Jim Cramer's June 30, 2009 call for a housing bottom. Note that I'm trying to sell property, but there will be a time where prices get too low below rents and then I won't be trying to sell it.

Gary's economic forecasts have been among the very best since 1972 when he was the economist at White Weld. Very, very few can match his consistency.

Raise taxes fairly IE if 35% is fair for one level of income versus 25% then 50% and 70% and 90% is fair for other levels

8 trillion dollars earning less then inflation for how long? :) Stocks WILL recover sawtooth as it may be, but it is the only other option to losing money

Oh my god you are kidding right, my dead grandmother could have seen the housing bubble "Shilling, who is effectively doubling-down on his 2008 predictions, which proved eerily prescient." Therfore the stock bust give me a break this guy is eeriy haha spooky too

dano says housing bottom 2012???? We would all be eating rats by then, give me a break dude! Gary is guessing just like everyone else, but it seems more analysts are coming over to the brighter side lately. The tide is changing my friends.

BUY NOW ESPECIALLY BLUECHIPS THEY ARE CHEAP/

Reasonable forcast. Actually most of the "experts" forcase a quick recovery of stock market. Good luck!

This guy is older than dirt. Remember what they say about economists - "they have predicted 10 out of the last 3 recessions" about as reliable as Madoff...

Some of you are awfully one-sided and emotional. Are you sure you should be investing for yourselves? Maybe mutual funds would be better for you. If you want to invest for yourself then you'd better listen to all sides. Your ignorance to Shillings message is nothing more than the detrimental stupidity that kills 99% OF ALL INVESTORS. Good luck!

one thing is when the economy recovers, mid-end 2010 is my guess. BUT, the market is usually 12 months ahead and therefore, there will be S&P 500 growth in 2009.The dollar is doomed, the key question is when.

one thing is when the economy recovers, mid-end 2010 is my guess. BUT, the market is usually 12 months ahead and therefore, there will be S&P 500 growth in 2009.The dollar is doomed, the key question is when.

What do you expect from Shilling?? Ever watch him on CNBC?? This cat is a Perma-Bear on steroids!!!

Bad time is pass. Time now look forward to coming recovery and new prosperity. Soon will come. Soon stimulus take effect…2009 year of stimulus and recovery and bull market. Year of bailout and TARP and more credit and…GOOD FOR BUSINESS…MORE PROFIT…MORE JOBS…MORE SPENDING…GOOD FOR BUSINESS…GOOD FOR STOCK MARKET GOOD FOR ECONOMY…SOON WILL COME BONE-ANZA…BONE-ANZA…BONE-ANZA!!! BUY…BUY…BUY…Happy prosperity!

Now, I'm not one to make predictions, nor do I think Dow 15,000 is in the cards. But anyone hoping to short this market should do so with tremendous caution. I have consistently bought at 7,800 and below and it's paying off. I see the "true bottom" at no less than 7,200 (7% gains per year versus the bottoms of 1932 and 1974), and I don't think the "true bottom" is really meaningful at this point. Many people remain like me - in good shape financially and looking to refinance to improve. Once we do in the next month or so...I see bigger improvements in 6 months.

Another thing about being "eerily prescient". I do have an Economics degree, and it's true that being right is enjoyable. But it's hard to be right consistently, that's why markets exist. I have been right far more often than not, regarding the economy, and particularly regarding real estate - who DIDN'T see this bubble bursting 2 or 3 years ago? If they didn't, they were simply stupid or blind. Shilling is good, but he has to take his positions just like anyone else. Some of his shorts I agree with, particularly regarding real estate, which will continue to decline a bit more. But stocks should muddle along.