Last year, I participated in the WSJ forecasts. Given the typical Wall Street cheerleading, I (per usual) was the most bearish person on the list.
As chance would have it, our forecasts were eerily accurate. Here are the forecasts from 2007 and the actual year end numbers:
S&P 500: 1475
Russell 2000: 825
10-year yield: 3.95%
S&P 500: 1468.36
Russell 2000: 766.03
10-year yield: 4.03 %
As I said, it is mostly dumb luck as to the final numbers.
Separating The Seers From The Seersuckers
By SPENCER JAKAB
A Dow Jones Newswires Column
We’ve had plenty of well deserved criticism for former NAR Chief Economist David Lereah. So you can imagine how much it tickled our funny bone to see, via Irvine Housing Blog, this updated new book from Lereah: Old versions: Latest Version: Source: Irvine Housing Blog > That’s our Friday funny. Actually, here is the most…Read More