US Stockmarket 1 year view

My uneducated guess for SPY in a year time (Jun 2011)
- It will be sitting ard $85 to $95, which is just the trading range in April-June 2009 before it broke out of resistance.
- It is a bearish view because:
- The governments around the world are running out of stimulus money
- Austerity programs in Europe will take place
- BRIC (Brazil, Russia, India, and China) are tightening their economy to control inflation (especially property prices in China)
- Very high level of debt among developed countries ( as detailed in http://www.debtdeflation.com/blogs/)
- refer to Nouriel Roubini http://www.youtube.com/watch?v=f7RjqfdRQDQ