NYU's 'Dr. Doom' Roubini: Stocks may fall another 20% during recession

"Down, down, down we goes...where we stops; nobody knows." This generational market rise (since 1982) has taken a long time to build up to this point. A lot of excesses have yet to be worked off. The unwinding has really only gotten started, so fasten your seatbelts, folks - you ain't seen nothin' yet. Remember, the bigger the boom, the bigger the bust. We are in a whole new paradigm now, and Mr. Market still wants to discount things a lot further before he is finished. Position yourself accordingly.

I don't know where this guy has been but I have been predicting that the DOW would be down to 6500 sometime next year for months now. Actually I figured sometime in the first quarter. When will these economists get a clue?

Isn't Peter Schiff Dr. Doom? Oh well - the market will get back in shape eventually.

dont think it is over yet just wait and see

In March of 2007 I said the crash would start in Oct 2007 and the market would go to 8500. I also picked the date of the dot com bust 8 months before it happened. How come I’m not on T.V.
I now think that the last qtr of 2008 is more about fear then lack of ability to spend by the consumer. Companies that were shaky will fail. It needs to happen every so often. Next year will start slow and then do fine. It won’t be like 2006 but more like 1998.
If I am right do I become famous? I think in July of 2009 the market will get over exited and go too high. Maybe I should get a sweater and a bow tie for the interviews.

The current financial/asset correction is only the tip of this pinnacle. Unfortunate as it seems, it is nothing compared to the realization that modern society and all our ills have no place in this overcrouded, resource dessimated, quickly changing world we live in. How anyone can be certain of any future predictions is beyond me. The only certainty in our future is death, however that is, according to your beliefs. Personnally I got out of the market in October 2007 and am glad I did. Unfortunately, now I'm adding to the current downturn because of hording, but that's my choice.

This prediction of another 20% slide in the stock market seems to be very much in line with the projection that "subprime meltdown" will be followed by "Alt-A and Option Arm" collapse in 2009!!

It always cracks me up when the "talking head" market analysts say, "look at the history." Like the market had been around 3000 years. History. LOL.

teltech54.....Where the heck were you when all of the banks, mortgage companies were playing games? Where the heck were you when Fannie and Freddie, AIG and so on were making bad business moves? Where the heck were you when Madoff was pulling his BS? I know...you are a quarterback and it's Monday...give me a break...pleeeeeease! If you know so much, Obama is rounding out his economic team...let's just hire Nostodamus Teltech and fire all of the Harvard wizards...you will solve it all!!!!

dp...you and teltech ought to get together and predict when the world will end among other great "I told you so's".... can I look into your crystal ball? after it happens I mean..LOL

The quickiest way to earn a 20% plus return on your money is to payoff your credit card debt. Guaranteed to work every time. Now is a great time to invest in paying down debt and hoarding piles of cash. CASH! Piles of cold hard cash is the best way to weather the current economic situation. I discovered one of the best books you'll ever find about finance, "How to Become Filthy Rich on Your Current Income" at www.how-to-become-rich.com. If people read books like this one we would not have the current situation we do.

5500 Dow May 27th and then a 20% recovery

oh haha i thought dp and teltech were joking the entire time...i didn't realize they were being serious

anyways hopefully everything will get better by at least sept next year--gotta start preparing for recruiting for jobs!

cruise net I pay no intrest I just got a 12 month on purchases 0% for one years if your so rich and cash heavy you would have had that offer I don't think you do Credit card companies don't want you if you do everything in cash

It wouldn't sirprise me a bit that stocks will keep going down. The economic black pleague has not killed off enough companies yet to reach the bottom. Stock prices will be so low eventually, that a toddler will be able to buy any stock with their pennies. What kind of outlook is there for a rebound any time soon? It will be years before all the forclosures will be minimized enough to see the bottom. Right now there is so much muck, corruption, massive debt and writedowns that making a profit is only a pipe dream. To grow the economy it will take years to get the debt ratios down, and dependable jobs created again to balance the economy. Right now the economy is so out of balance because the debt load is so heavy. Erasing that debt by forgiveness or writedowns will not make the stock market rebound that quickly. Money coming in will renew confidence. I do not mean government money but consumer money.

First the banks,then insurance,then Fredie&Fannie,now the 3 Detroit autos,with their dealers now in line,the commercial real estate barons are now there,who is next. 750 Billion later,nothing moves.After the new president elect takes over,another 800 Billion,to "save jobs".It all started when Mr. Barney Frank blocked all audits of Fred & Fan that started the largest scam in the history of the world! Mr. Frank has created on earth a "Black Hole" where everything goes in to never come out.This period will be known as the time of the "Greatest transfer of wealth" in World History,from the taxpayers to the super rich.Remember,for every share of stock sold,there is a buyer.Assets are now being accumulated at 2 cents on the dollar buy the super rich.In 10 years,95 % of the country's wealth will be held by 100 people.

no one knows when the market will hit bottom. and any one who says otherwise right now is a fool.

Everyone needs to take a deep breath and calm down. Half of this crisis is because of the media driven hype!! Yes, we have had a financial "come-to Jesus" awaking, but our economy has not shrank by 50 or 60% overnight like some of the doomsday prophets are preaching. Right noe the FED has got to pull the stock purchases back out of the backs they bought into that are not lending the money back out. That or take the remaining 350 billion dollars left in the "Bailout" and resurrect the "Bank of the United States" and start lending monies to people that have good, sound projects to build and a REAL means to support the loan repayment. Think about this for 5 minutes - 350 billion dollars at a conservative 20% capitalization rate (not the typical 10%) could make 1.75 TRILLION dollars available for loans to buy cars, build stores, expand factories, build new power plants, etc.. Right now the problem is the banks have let the loan pendlum swing too far the other way and we are suffocating from lack of capital instead of choking on too much like we were. It just like the Tanqueray Gin guy says "Always in Moderation"

1929 Wall Street Crash created the fascism that led to World War II. 2008 Wall Street meltdown now creating a scarier level of fascism that will lead to World War III.

Attention all Doomsayers! Buy stock in companies that make wheelbarrows. They'll soon be filled with hoarded cash and pushed to the nearest bakery to buy a loaf of bread. Bon appetit!