Here's the current picture of the July 5th prediction .... the SPX drops to the 730-780 range by the 1st week of March 2009.
It's possible that we've already hit the bottom in November, but I don't think so. My estimate is that there will be an Obama bounce up around the inauguration and then a post-partum depression of sorts (downward move) with a gradual grind in a trading range through February.
