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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10 Year Treasury Note 12/17/08 - December 17, 2008

The 10-year Treasury note yield has become the security most frequently quoted when discussing the performance of the U.S. government-bond market and is used to convey the market's take on longer-term macroeconomic expectations. Treasury notes are a stated interest rate, and the owner receives semi-annual interest payments.

Today, 12/17/08, the 10 Year Note fell to a new low hitting 2.074 but has rebounded up to 2.162 in the afternoon. This is an all time low, or the lowest since the Federal Reserve started keeping historic data. The fall in the 10 year note signifies that the Credit Crisis that started around sixteen months ago is far from over.

This is a situation worth watching!

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