dude, sorry but you're wrong, google this guy and you'll find his outlook for 2008. heres a snippit:
"Mr Kostin, who replaced the ever-bullish Abby Cohen as chief strategist in December, expects the S&P index to reach 1,160, which would amount to a fall of 27pc from the bull market peak of 1,576 in September and enter the annals as a relatively severe bear market."
