Ryan Freund

Be Prepared for S&P to Hit 350 by June 2010

There is plenty of evidence in both the article and the followup comments I've made. If you want to debase the article because I don't know (or care) who Joe Granville is, then that's perfectly fine by me.

While it's true I don't offer precise advice on how to "protect" yourself from such a drop, it's fairly obvious that if the market will drop you should either a.) be in cash, or b.) be shorting the market. Didn't think I needed to point that out.

Either way, I knew this article would bring out some anger as it rebuffs what CNBC is saying, and what many "hope" to have happen. Sorry, but CNBC's cheerleading, and "hope" won't change the outcome.

I stand by my prediction of S&P falling to between 357 and 536 at some point before June 2010. If I'm wrong, then by all means, rip me apart.

Jun 09 08:58 AM raytaythemd wrote:

> ...I agree wholeheartedly -- the article is useless...sweeping conclusions
> based upon no data, hisrtorical or otherwise...and the author's admission
> that he doesn't recognize the name of Joe Granville suggests that
> he's probably under the age of thirty; clearly possessing limited
> experience and even more limited historical knowledge...also, he
> says "be prepared" but offers no idea of what "be prepared means...stay
> in cash?...gold?...canned goods and guns?...moreover, he neglects
> the remarkable ability man and business have to ADAPT to given situations...after
> the "crash" I revamped my way of living -- consolidated credit cards,
> paid off balances, started paying balances in full at the beginning
> of each month, worked up a budget, etc...and now I am in the best
> financial condition that I've been in twenty years...not only that
> but the past year has provided me with the best investment returns
> I've had since 2000-2001...I didn't achieve that trying to predict
> the future of the economy or the market...I simply did as I have
> always down -- sat down and looked at my investment alternatives
> and planned for the long haul...unfortunately, as evidenced by seekingalpha
> articles, people apparently can't resist prophesying or pursuing
> "holy grails"...