Predictions for 2009

Lets see who is correct this year

My Predictions

  1. 600-625 S&P 500 average, 6000-6500 Dow Jones average before 12/31/09. CHECK
  2. The assassination of a major political or economic figure with direct ties to global economic markets, with the hit coming out of Russia or the Middle East. I pray it is not Barack Obama, because that would cause worldwide chaos and possibly martial law. (If a terrorist attack happens to a landmark with the equivalence of Big Ben or the World Trade Center, I get 1/2 credit)
  3. The internal collapse of a world nation, most likely a smaller european country. WRONG, but a few countries are getting close
  4. The Bankruptcy of Citi Group (C)
  5. New York Yankees winning the World SeriesCHECK
  6. Ford will be the only one of the big three not to declare chapter 11 CHECK
  7. The Biotech Spyder Select ETF (XBI) ending the year higher than value at the close of the last trading day of 2008.CHECK
  8. The Houston Rockets winning the NBA Championship WRONG
  9. Gold dropping to below 500 an ounce WRONG
  10. Unemployment will be greater than 12% WRONG

Byron Wien, Pequot Capital Chief Financial Strategist

  1. 1200 S&P by the end of the year
  2. Gold at $1200 per ounce
  3. $80 oil
Copyright © 2008 David Tulig | Subscribe