Predictions – Gary B. Smith, Jeremy Siegel, Laszlo Birinyi, Joseph Battipaglia
Click on spreadsheet for larger image:
Joe Battipaglia expects the economy to have a major slowdown given his prediction of $60 oil. I agree that oil will fall substantially in price since the economy will be in major trouble which will spill over worldwide. When the Asian contagion struck in the late 90’s, oil dropped to around $10 a barrel. Oil won’t get that low, but I could see it dropping below $50 eventually.
Gary B. Smith, Lazlo Birinyi, and Jeremy Siegel are bullish and financials seem to be the sector they would place their bets on. They will be sadly disappointed because the housing depression is in the 3rd inning and won’t end for another 3-4 years.
It’s probably unwise to rely on the television and print pundits to make your important financial decisions. Part of the reason I’m posting these predictions is to demonstrate how wrong the “experts” can be. Results will be posted in the future.
Related Posts
-
Molson Coors AddedInvestors continue to pile into high-flying technology shares and...
- October 1, 2020
-
Global Gold Miners ETF Allocation IncreasedCash available was added to the SMA Portfolio's holding...
- August 10, 2020
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
