Dorfman: We're not Morphing into Depression

Professional money manager and Bloomberg columnist John Dorfman explains why he doesn't think we're heading for the D-word. This is in contrast with the lead interview in this week's Barron's -- which just goes to show you how varied the opinions are in this downturn. Of course, we'll all have 20/20 eyesight when it is all over. ;-)

From the linked article:

The 52 percent decline in the S&P 500 from October 9, 2007, through November 20, 2008, was enough to anticipate a very stiff recession. So if we are not in a depression, we are probably in the midst of a major buying opportunity.

I believe that stocks are fairly likely to be up 10 percent or more a year from now, and up 30 percent or more within three years.

Let's hope he's right.