Historian Napier sees S&P as low as 400

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Stock market historian and CLSA consultant Russell Napier discusses with John Authers, head of FT’s Lex, 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.

Click here or on the image below to watch the video.

Source: Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail..ft.com/v/946244201001/Long-View-Historian-sees-S-P-as-low-as-400″>Financial Times, May 16, 2011.

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