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DR. Warren Huang predicted Dec 2010 China on HK Economist annual meeting that QE2 will result global inflation, stock, gold, commodity bubble, rate hikes, EURO debt crisis double dip recessions led to global commodity, metal, oil, stock markets and US hot stock price bear market correction : AA 8- 12 AXP 37- 48 BA 55- 65 BAC 4- 8 CAT 60- 80< br> CNX 80- 95 DD 35- 45 DIS 25- 35 GE 13- 16 HD 25- 35 IBM 140- 170 INTC 16- 23 JNJ 56- 68 JPM 24- 35 KO 62- 68 MCD 82-88 MRK 28- 32 PG 55- 65 XOM 69- 75 GOOG 420---550 AAPL 350- 420
AMZN 160- 230 BIDU 100- 130 US stocks overpriced, heading for 50- 70 % bear market correction throught 2012 due to continued housing price slump high jobless rate resulted double dip recession, EURO debt crisis and China credit tightening, Asian slowdown Jones 9000- 10,000 Nasdaq 2000- 2200
SP 800- 1000
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