Well, it’s that time of year again, when I get to play Nostradamus and make all sorts of wild predictions for the year ahead. Looking back at my 2009 predictions, I pretty much got everything wrong—which is a lesson onto itself. Do not let today’s convictions last into tomorrow, when things change. For the year, I managed my best year since the dot come bubble, with gains in excess of 90%. If I would have followed my late 2008 doom and gloom thesis, I would have thrown myself down an empty elevator shaft by now—due to probable financial destruction.
Here goes nothing:
The dollar will bore everyone in 2010. It will not collapse or rally. It will be the proverbial “non-event.”
Oil prices will rise to over $100 per barrel, on the backs of renewed “global growth.”
The King of Thailand will die, sending their markets plunging, amid civil upheaval.
Taxes will rise, yet again.
Many states will insist on government bailouts.
The ipo market will boom.
Venture capital investments will boom.
The U.S. economy will grow in excess of 3% for 2010.
Unemployment will decrease to 8%.
The first half of 2010 will be a nirvana for tech investors, as the 4g rollout commences.
The second half of 2010 will be tough sledding for stocks, as the stimulus wears off.
The Dow will climb by 5% in 2010.
The Nasdaq will rise by 8% in 2010.
The S&P will rise by 3% in 2010.
AAPL will hit $250.
GOOG will hit $750.
SNDK will be acquired.
POT will be acquired.
CRNT will be acquired.
ADTN will be acquired.
HANS will be acquired.
SHLD will surge to $120 before resting.
Homebuilder stocks will surge throughout 2010.
Natural gas will trade in a tight range, between $4.50-6.50.
Foreign markets will outperform the U.S.
Bank stocks will become a stock pickers market.
Due to dollar stability, treasuries will not be a headliner in 2010, another non-event.
Gold will consolidate around $1100.
iBankCoin will declare war on Romania and win!
“The Fly” will continue to improve his money management skills, leaving his enemies with nothing to say but gibberish.
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