The original Dr. Doom, Nouriel Roubini, says that a 20% stock market sell off is likely over the next few months. The Dow Jones lost substantially again today as concerns over Europe’s financial stability continued to weigh on investers minds.

A 376 point drop continued a troubling trend for stocks and Roubini, who correctly predicted the financial crisis and recession says that a another 20% stock market sell off is coming. Roubini says that right now cash is the safest investment with the possible exception of short term bonds in relatively safe countries like Canada or Germany.

Nouriel Roubini has been warning of a “double dip” recession ever since government officials and economists have been saying the recession was over. Roubini warned also back in October that stocks moved too high, too fast and that a correction would come. It’s very likely that we’re seeing that stock correction now.

What do you think about Nouriel Roubini’s 20% stock market sell off prediction? He appears to be right more than he’s wrong and given the current situation with the market, it looks like his correction theory is playing out. Unlike those in the Obama Administration who see a rosy outlook, I’m going to err on the side of caution and listen to a guy like Nouriel Roubini when he says the recession is likely to take a double dip with stocks correcting themselves.