I love this guy. When we're at SPX 800 he will lower his target to 500.
Video Link: http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/v3y4DpjwcK_8.asf
I'm not sure it's that outlandish call, but this guy's as big a permabear idiot as Abby Joseph Cohen is a permabull idiot.
I'm not sure why it's news when he says something, because I can already tell you what he's going to say the next 20 years because he's been saying the same damn thing for the last 20 years.