Posted:
#1
I am just establishing this thread for any and all threads that are looking ahead to the coming year rather than the coming weeks.
My current estimation is the following, although I would love to think it incorrect:
1.I foresee a constant stream of bad news originating from the housing and financial markets, that will ultimately erode confidence in the market, and will cause a significant correction in the S & P and Dow.
2. I think retailers will experience a poor Christmas.
3. I feel commodity prices will continue to go higher (due to expected flooding of the money markets by the Fed). Hard assets are in a long term bull market.
4.The value of the dollar will continually erode, exacerbating the above.There will be a steady determination to diversify assets out of the dollar by countries that have financed the US in the past.
5. Housing prices will decline in the overinflated markets by as much as 25 per cent.Floridians however will be happy to hand over properties to a flood of Canadians and Europeans!!
6. janitors at GM will realize they have made a horrible mistake and will break with the UAW and accept getting $72 an hour to push brooms.
My current estimation is the following, although I would love to think it incorrect:
1.I foresee a constant stream of bad news originating from the housing and financial markets, that will ultimately erode confidence in the market, and will cause a significant correction in the S & P and Dow.
2. I think retailers will experience a poor Christmas.
3. I feel commodity prices will continue to go higher (due to expected flooding of the money markets by the Fed). Hard assets are in a long term bull market.
4.The value of the dollar will continually erode, exacerbating the above.There will be a steady determination to diversify assets out of the dollar by countries that have financed the US in the past.
5. Housing prices will decline in the overinflated markets by as much as 25 per cent.Floridians however will be happy to hand over properties to a flood of Canadians and Europeans!!
6. janitors at GM will realize they have made a horrible mistake and will break with the UAW and accept getting $72 an hour to push brooms.
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