Μια άποψη

για το πως περιμένει κάποιος άλλος τη κατάσταση στις αγορές.

... Jeremy Grantham, head of global investment management firm GMO, ... was typically acerbic in a discussion of who was to blame for the market’s current predicament (putting much of the blame on the Federal Reserve), ... While he said that equities in the last couple of months had reached a level of cheapness than had not been seen in years, he still expects more pain to come.
Those who can invest with a seven-year time horizon should do well, saying that “we’ve popped all of the bigger bubbles,” but he expects “we’ll overrun on the downside.” He says that the market will likely continue to rally into the spring, and it “will be big enough to convince about three-quarters of the players that [the bear market] is all over.” However, he doesn’t believe it is over — expecting a “good rally and a different kind of decline, on the sheer grinding of bad news.” He expects something similar to 1974, where the market takes a step forward and a couple steps back, and is fed “a diet of ugly earnings.”

http://blogs.wsj.com/marketbeat/2008/12/18/four-at-four-general-exhaustion/