Sunday, November 8, 2009, 4:01AM ET - U.S. Markets Closed.
Our guest Gary Shilling is gut-wrenchingly bearish on the stock market. Specifically, he thinks the S&P is going to fall 35% to 600 by the end of the year.
The good news is Gary thinks there are some things you can buy
without losing your shirt:
But isn't inflation going to turn dollars and Treasuries into toilet paper? That's what everyone's saying.
They're wrong, says Gary. It's deflation we have to worry about. For the next 10 years, we're going to have chronic deflation, and the economy is going to grow at a paltry 2% per year.
See Also: Gary Shilling: The Stock Market Will Crash As Consumers Retrench
Man, Gary Shilling has become delusional lately.
Maybe. I can see this happening. I am bearish leaning, 90% cach for most of the year. Missed the swing up in March, but am still up for the year overall. I am still waiting in the wings. I only risk what I can afford to lose. (which to me makes sense, and other's say that is stupid -- they can risk what they can't afford to lose because they believe in the 'bailout' God...)
Wht dollar? $ is down down down...
Rationally he is right. But with enough money created he is wrong. And it doesn't have to go to the people, banks can also buy stocks. Maybe one last bubble in stocks? I don't know, that's why I buy gold stocks, it's their time, inflation or deflation, doesn't matter.
No, because the gov't has all the answers. Where's my G.I. pink pony anyway?
Absolutely correct. This is a bear market rally
Gary, honestly the dollar is in real trouble...on which planet you have been living recently?
in all reality, the fact that Yahoo even posts articles with titles like this, is outright absurd. I cant wait to see the next three articles.. "Civil War 2: here we come", "You thought 1929 was bad, wait until you see 2029!" and finally, their latest article, "Watch out you are going to be hit by a bus".
in all reality, the fact that Yahoo even posts articles with titles like this, is outright absurd. I cant wait to see the next three articles.. "Civil War 2: here we come", "You thought 1929 was bad, wait until you see 2029!" and finally, their latest article, "Watch out you are going to be hit by a bus".
When will this guy give it up already. Amazing, how Tech Ticker wakes him up out of bed on an up day like today. Really, he needs to move on from his 600 prediction already. I guess Tech Ticker can't find anyone else at this point who wants to embarass themselves by saying "600" for the S & P this year.
When will this guy give it up already. Amazing, how Tech Ticker wakes him up out of bed on an up day like today. Really, he needs to move on from his 600 prediction already. I guess Tech Ticker can't find anyone else at this point who wants to embarass themselves by saying "600" for the S & P this year.
My G-d, the sky is falling, the sky is falling. Where is my crystal ball?
The market will go up for a while till unemployment and commercial loans crash. Then say look out below.
Nonsense could be told by a charlatan. Who the hell is Gary Schilling?
It will be stagflation not deflation with inflation and high unemployment. The stock market is a good inflation hedge. When will they fire Shilling?
This guy may have been right about housing, but earlier this year he said the S&P was going to 450-500, and he was dead wrong about that.
HA HA HA! More gloom and doom from Short Ticker. Face it, Henry, it's time to close out your short positions, take your losses, and lick your wounds. Better luck next time.
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Yahoo! Finance User - Wednesday July 15, 2009 03:22PM EDT
Shilling should may be join his friend Madoff