This stuff is ridiculous.
It is all well and good to come up with bold predictions and to only be right a tenth of the time.
Dow 1000 - Are you serious? Do people actually invest their money with that windbag. He points out resistance dating back to 1966. Yes that makes sense, because it is not like we have had inflation, global growth, and the fact that the markets are exponential not linear. That is such an asinine argument to back up your pathetic claim. Are things better or worse right now than they were 3 months ago?
Don't get me started on Roubini. He started a world tour at the beginning of March calling for the end of the world. Good prediction thus far. Not to say it might not come true, but this guy has been saying the same story for 5+ years. How much money would he have made using his theory over 5 years up until now. Absolutely useless.
Sprott, well I guess he has a good track record. But shorting everything and buying gold is not advice I take from Hedge fund managers who make their money off of the little investors obeying their word in masses. I am sure he is just the same as every other "analyst" and telling us the opposite of what to do.
I love how a lot of these people are calling for the end of the world. The 80s was worse and I am sure that in 5 years time we will have an even worse recession. Think about this, 6 months from now, and maybe even less, we might be coming out of this. Then imagine how bad this recession was. We all survived, some went without work, but in the end we made it.
So until we have +10.8% unemployment with 20% inflation, I am not going to call for an end of the financial system as we know it.