The Bear Growls

As we make the switch from the end of one year to the beginning of the next, everybody (almost) makes predictions for the year ahead. Would you like to see a very negative forecast? Here it is, on the Business Insider website in an article which quotes Nomura's Bob Janjuah. He writes:

I think Q1 is going to be extremely bearish for risk, for equities, for the periphery, for the euro, for credit spreads, etc. The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000.

I hope he is wrong. Hat tip to Lucianne.com for the link.