Filed under: Forecasts, DJIA, Recession

Clem Chambers, CEO of stocks/ investment web site ADVFN, argues in an article in Forbes.com that the best thing that could happen to the markets right now would be a quick stock market crash.

Chambers writes: “In many ways, the best thing that could happen now would be a quick crash. A lot of professionals are praying for a so called ‘puke’ because that would set a bottom for a recovery and signal that the worst is over. A short, sharp shock would be good for everyone. Recovery is better than sickening.”

Chambers also notes that the market may very well be in the process of crashing right now, but until there’s a period of relative calm or a massive drop, it’s too soon to tell. Chambers added that if a crash does happen, it will occur in the next few weeks, and if it doesn’t he sees a bear market for an extended period of time (It should also be noted that Chambers’ other scenarios for the period ahead, 2008-2010, are a protracted period of volatility or a small/short bear market).

Continue reading Advisor: Best thing for U.S. markets now would be a ‘quick crash’

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This entry was posted on Thursday, January 24th, 2008 at 8:46 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.