An overall retreat from the US stock market, coupled with worries of a global recession and bear market has Bonner predicting investors won’t be getting off the hook very easily. The odds are high enough for him to advise wise investors to start looking for cover.
The potential for a summer stock market crash (like the one that happened in 1987) is low, because the market environment now is very different from the market then.
Gold futures overshot on uptrend, says analyst. Now, gold futures bottoming at $1,500 an ounce or, and that doesn't hold, to between $1,100-$1,200.
Oil prices rise if optimists are right and world economy takes off, analyst says. If pessimists are right and unrest spreads to other oil producers, oil prices will also rise.
Guest blogger Bill Bonner offers a 'prediction-plus' about the stock market.
Neo-Keynesians, 'inflationistas,' and hardcore deflationists offer conflicting prescriptions for the world economy. Could they all be wrong?