The Financial Planner's Briefcase

Stock-Market Sages Say Worst Is to Come

Stock quotes in this article:BAC, AIG, UNH 

As for the current rally, Dohmen says time is running out. He advises: "Bear market rallies are usually eye-catching and make the casual investor believe it's a new bull market. Don't make that mistake and fall into that trap."

Sorry to spoil your day with these unpleasant forecasts. We'll only know in hindsight if the bulls or the bears are right. But it's always dangerous to get caught up in the euphoria of the bullish crowd. We learned that lesson already, didn't we? And that's the Savage Truth.

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Terry Savage is an expert on personal finance and also appears as a commentator on national television on issues related to investing and the financial markets. Savage's personal finance column in the Chicago Sun-Times is nationally syndicated. She was the first woman trader on the Chicago Board Options Exchange and is a registered investment adviser for stocks and futures. Savage currently serves as a director of the Chicago Mercantile Exchange Corp.

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