Russell Napier Forecasts S&P Crashing Down to 400 points

In an interview with the FT on the 16th of May, Russell Napier discusses with head of Lex John Authers his warning that the real bear market in the S&P has yet to come and could push the US equities index down to 400, plus he explains how emerging markets could trigger a leap in US Treasury yields.

This is in line with my forecasts for the bottom of the Greater Depression although if we were to crash by 90% as it happened during the Great Depression, 400 seems to be an optimistic target.

You might also want to read the following related post: Russell Napier's presentation on the history of stock market crashes.