Long Term Outlook

Here is a chart of my long term outlook on the S&P 500. I believe we will bottom somewhere near 450. Of course we will have a couple rallies between now and then, some could be very violent, but the downward trend will prevail. The chart shows it all.

So as it seems we are going to venture back to 1994 on the S&P 500. That was a good year wasn't it? Here are a few facts from the year that was 1994:

• The Dow Jones Industrial Average closed the year at 3834
• Average cost of a gallon of gas: $1.09
• Average yearly income: $37,070.00
• Cost for a dozen eggs: $0.86
• 500,000 people were killed in a mass genocide in Rwanda
• The channel tunnel opened between England and France
• Serbia continued its attacks on Bosnia
• 50th Anniversary of the Allied landings in Normandy
• Los Angelas Northridge earthquake
• O.J. Simpson fleed police in a white bronco
• Major League Baseball Players Association begin 232 day strike causing 1994 season to be cancelled
• Orange County, California files for bankruptcy protection
• Violent wildfires destroy 286,000 acres in Montana.
• Brazil Wins 1994 World Cup in United States
• Forrest Gump wins the best picture award

See, now aren't you excited to return to 1994? Financially that is.