8 really, really scary predictions - Meredith Whitney (7) - FORTUNE
Obviously, this could be the phase 1. Flat market indices for some time, before the new upward movement. Nouriel Roubini, on the other hand, predicts another 20% fall in the markets. Some other experts agree that P/E ratios could go better, which coincides with the Roubini's view.
If 2008 was characterized by the market impacting the economy, then 2009 will be about the economy impacting the market.Some more predictions for 2009, as these are popular at the end of the year. What I see is best described by Ms.Whitney in the article above. Markets went down, real economy followed. Now, it's the other way around. The economy is going down. Markets will either be held low by the pressure or will start recovering slightly.
Obviously, this could be the phase 1. Flat market indices for some time, before the new upward movement. Nouriel Roubini, on the other hand, predicts another 20% fall in the markets. Some other experts agree that P/E ratios could go better, which coincides with the Roubini's view.
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