2007 Year-end Predictions

By on January 1, 2008

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Another wave of predictions culled from the mainstream media show a continued bullish bias. Ken Heebner believes the economy is strong enough to withstand the housing depression shock. I think he’s wrong, but he’s got an incredible track record of being right. Gary Kaltbaum is bullish on Oracle, which has already had a good year. Charles Payne is hoping for miracles if he wants to put his money on Washington Mutual, which gorged itself on the mortgage market during the good times and is now feeling the pain. Peter Schiff is very negative on the outlook for U. S. stocks, but believes the Fed’s money printing mania will lead to higher gold prices. This seems like a good bet.

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