Gary Shilling predicted that the S&P500 would drop 43% from its level in April 2011. The S&P500 was trading at around 1368 that day, now it is at 1,424, up 5%. This makes Gary Shilling the winner of our worst call of 2012, congratulations. We hope no one took his advice!
Here is the link to the transcript of Shilling in his own words, and the video is embedded below: