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Tuesday, January 6, 2009

Byron Wien 10 Surprises 2009 - Stock Market

Byron Wien has come on CNBC today and released his annual Top 10 Surprises for 2009. Byron Wien is Pequot Capital Management's Chief Investment Strategist and has some bold predictions for 2009.

  • S&P 500 will rise to 1200 - Need more strength in bond market, strength in housing, Obama stimulus to make this 2009 prediction happen.
  • Gold 1200 - We will see heavy buying of gold by middle eastern investors
  • Oil $80 - China and India growth 5% - increase demand
  • Dollar Downward Slide - The Dollar will continue to fall in 2009
  • 10 year Treasury climbs to 4% - deflation worries will shift to inflation worries
  • China growth will exceed 7% - China's stock market will do better in 2009
  • States threaten bankruptcy - New York is a big risk
  • Housing Bottom comes early - Home prices will stabilize in 2009
  • US Savings rate will fail to improve
  • Obama slows troop withdraws in 2009

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