Dave - high 13500, low 10000, end 12400
Carrie - high 14500, low 10000, end 12000
Richard - 9500
Eric - 11500
Dan - 12650
Ken - 9000
S&P
Dave - high 1450, low 1000, end 1420
Richard - 1150
Dan - 1330
Ken - 950
NASDAQ
Dave - 2900
Eric - 2650
Dan - 2900
Ken - 1500
RUSSEL
Richard - 650
GOLD
Dave - corrects to 1200, end 1710
Carrie - falls in first quarter to 1265, summer 1475, end 1420
Richard - 1500
Eric - 1500
Dan - 1470
Ken - 1700
SILVER
Dave - 42
Carrie - 32
Eric - 32
Dan - 38
Ken - 25
OIL
Dave - 130
Eric - 80
Dan - 122
Ken - will reach 135 during 2011, but will end at 110
EURO
Eric - 1.10
BANK FAILURES
Dave - 98
Carrie - 187
Richard - 200
Dan - 142
Ken - 140
INFLATION (CPI)
Dave - 7%
Dan - 6%
Ken - CPI-U 9%
UNEMPLOYMENT
Dave - 9%
Carrie - 7%
Dan - 9.2%
EURO
Eric - 1.10
BANK FAILURES
Dave - 98
Carrie - 187
Richard - 200
Dan - 142
Ken - 140
INFLATION (CPI)
Dave - 7%
Dan - 6%
Ken - CPI-U 9%
UNEMPLOYMENT
Dave - 9%
Carrie - 7%
Dan - 9.2%
Ken - U3 7%
Ken - U6 17%
DAAG
Carrie - DAAG solves the problem of property rights and becomes world-famous.
Dan - DAAG becomes a temporary political party, wins every election, and disbands the government.
OTHER
Dave - Japanese stocks and natural gas will do well this decade. Interest rates will increase. US Treasurys will drop. Detroit will declare bankruptcy. Housing will start to offer good buys. Euro tanks.
Carrie - housing falls to new lows
Richard - stagflation
Eric - general asset correction in next month or two in gold but especially industrial commodities. China slow down keeps oil low. US equity markets fall in 2011 but still out perform on a relative basis most other countries with possible exception of Japan.
DAAG
Carrie - DAAG solves the problem of property rights and becomes world-famous.
Dan - DAAG becomes a temporary political party, wins every election, and disbands the government.
OTHER
Dave - Japanese stocks and natural gas will do well this decade. Interest rates will increase. US Treasurys will drop. Detroit will declare bankruptcy. Housing will start to offer good buys. Euro tanks.
Carrie - housing falls to new lows
Richard - stagflation
Eric - general asset correction in next month or two in gold but especially industrial commodities. China slow down keeps oil low. US equity markets fall in 2011 but still out perform on a relative basis most other countries with possible exception of Japan.
Ken - My predictions are based on the assumption that the Fed will stop pumping based on inflation concerns. If inflation stays low, I think we will see QE III, and the markets will end higher (Dow 13,000, S&P500 1400, NASDAQ 3000). But that is not what I am predicting for years end 2011.
Note: If inflation becomes a concern for the Fed, I see no reason why the Federal Reserve will allow debt to be inflated away. They serve the big banks, not us, or the treasury. The long T-bond will continue it's decline (disclosure - Ken has a large position in TBT).
Because we are a warm and tolerant bunch, we will accept late predictions up until the next meeting. Those who fail to make predictions by that time agree that they fail at life.
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Because we are a warm and tolerant bunch, we will accept late predictions up until the next meeting. Those who fail to make predictions by that time agree that they fail at life.
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