By the end of 2009, however, oil prices were at $80. In March 2009, he predicted the S&P 500 would fall below 600 that year, and possibly plummet to 200.
As the year 2009 drew to a close, oil prices had reached $80. In March 2009, he made a prediction that the S&P 500 index would fall below 600 by the end of the year, potentially plummeting to 200.