Stock Market Forecast For 2009

By Jim Jubak - MSN Money

I'm not a big fan of Jim Jubak, I think he's a rotten stock picker; however, I think his latest article at MSN Money hits the nail pretty much on the head. So instead of writing my own fearless stock market forecast for the next 12 months (I'm a little lazy around the edges), here you go...

If you're too lazy to click the link and read the entire article here are the bullet points...

1. In the next month or so, a big stock market rally.
2. The stock market rally fails in early 2009.
3. In the middle of 2009, stock market pessimism deepens.
4. In late 2009 and early 2010, the stock market bottoms.
5. The stock market recovers after 2010.

Thanks Jim. You're a much better writer than I am. I would like to add that I think the recovery may take longer than a couple of years. I can imagine a scenario where we enter a period of sub-par market performance that can last as long as five years.