Wednesday, December 31, 2008

Equity Forecasts: Bullish and Highly Uncertain

2009 forecasts per WSJ's MarketBeat:



Twelve out of sixteen forecasters are calling for positive returns for the S&P 500 in 2009. My thoughts? No clue. There are a ton of reasons why equities should suffer... BUT, there is a ton of money waiting on the sidelines ready to chase returns when markets turn.

I think Robert Pavlik of Oak Tree Asset Management sums it up best regarding his prediction:

“you’ll be better off asking me on 12/31/09 at 3:59 pm.”