Bob Janjuah is back to his old bearish self, seeing S&P fair value at 800-900 within the...

|By:, SA News Editor

Bob Janjuah is back to his old bearish self, seeing S&P fair value at 800-900 within the next 12-15 months, and perhaps even dipping to 666 - the low of Q1 2009. Soft patches will be the norm, he says, and aggregate real earnings and incomes will stagnate or fall; defaults by weak firms, consumers and sovereign nations will increase. Not a pretty picture.