Jas Jain Rewrites History

Jas "forgot" to mention in this email that he has been forecasting a "depression right around the corner" every year I've known him... dating back a decade to 1998!!!

-------- Original Message --------
Subject: Bloomberg: “Worst Start For the Dow Since 1904”
Date: Fri, 4 Jan 2008 16:41:00 -0800
From: Jas Jain

--

Bloomberg: “Worst Start For the Dow Since 1904”

Holy Pig!

S&P 500 has given up all the gain of 2007 in the first three trading days. It closed at the same level as on 12/22/06.

What if 2008 ends up being the worst year since 1904? And 2009 worse than 2008! Who knows how long can the record continue.

It is lucky to take care of after-tax annual expenses in the first three days of trading, at least on paper. :-) It could turn out to be the case of easy come easy go.

I have been forecasting depression during 2008-10 and I feel confident about that forecast based on the recent developments.

Jas

Twice a day a stuck clock is right. How often is a the yearly "depression forecast" correct?