Back on November 8th 2008 the S&P stood at 930.99.
On that date Lucas at Trend and Value posted this long (for him anyway) but informative post in which he called the S&P at 666 in 2009. Here we are with the S&P at 668 and dropping into the bell. Big kudos Lucas, that was one helluva call.
I’m fussy about who I link to on this blog. Trend and Value has long since proven to me that it is a high quality resource for market intelligence. Make it part of your reading list, too.
UPDATE: The S&P pinged to 683 at the bell on late buying. Takes nothing away from Lucas’s superlative forecast. In fact if 668 ends up as being the bottom of the bottom it just makes it even better.