Over the years, analysts and economists attempt to make a yearly prediction of where the market and economy will end up. Some are right and some are wrong. With 2010 underway, a storm of 2010 outlooks are posted on websites and blogs. But some predictions are worth noting and discussing. One particular strategist, Byron Wien, gave ten predictions for 2009 (The Surprise of 2009). Seven out of ten came to fruition. His accuracy can only be tested after the fact but investors loss nothing from acknowledging his current outlook.
Two calls worth noting for 2009 were S&P 500 rising to 1,200 and gold reaching $1,200 an ounce. S&P 500 closed the year at 1,115.10 and gold hit a high of $1,212.50 an ounce. - Art