Q1 2008: -0.7
Q2 2008: 1.5
Q3 2008: -2.7
Q4 2008: -5.4
Q1 2009: -6.4
Q2 2009: -0.7
Q2 2008: 1.5
Q3 2008: -2.7
Q4 2008: -5.4
Q1 2009: -6.4
Q2 2009: -0.7
From my post October 16, 2008:
"I doubt we'll see terrible GDP numbers for the 3rd qtr. (2008) but certainly for Q4 and Q1 2009. With that said we'll likely set up quite nicely for the 2008 Santa Claus Rally, January Effect and ensuing run into April. Lighten up on equities thereafter and cash coast through the Summer 2009 doldrums. Is a double dip possible?"
The Prognosis on GDP was fair but the equities call was awful. The S&P 500 is up 10% from October 16 but not before hitting the dramatic low of 666 in March. Contrary to rallying in the spring and resting in the summer the markets cratered in the Spring and is now crushing the Summer.
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