Most Commented

Resources

Subscribe

  • Subscribe

The Standard & Poor’s 500 Index will collapse below its March lows!

Posted by Eric LeRiche | January 28, 2010 .

The Toronto-based money manager, whose Sprott Hedge Fund returned about 496 percent in the past nine years as the S&P 500 lost 32 percent in Canadian dollar terms, said the index’s 66 percent rally since March 9 reflects investors misinterpreting economic data. He’s predicting the gauge will fall 40 percent to below 676.53, the 12-year low reached on March 9.

Comment