Okay, so with that in mind, where do I stand today? I don’t think things have improved a hell of a lot and even though I would be even more pessimistic that I was back in November; today, I envision a Dow at 6,750 by say, the end of March of this year. From that point forward, we might see a slow and anemic uphill crawl, but it sure will take a good decade before we rejoin its 14,164.53 peak set on October 9, 2007… What’s your best guess?
Sunday, February 22, 2009
How’s my economic forecast?
On November 13, 2008, I had predicted that the Dow might reach 7,040 by the middle of January, so when we compare my forecast with today’s reality, it clearly show that I was a little low and a bit too early (7,365 on February 20.) 
Okay, so with that in mind, where do I stand today? I don’t think things have improved a hell of a lot and even though I would be even more pessimistic that I was back in November; today, I envision a Dow at 6,750 by say, the end of March of this year. From that point forward, we might see a slow and anemic uphill crawl, but it sure will take a good decade before we rejoin its 14,164.53 peak set on October 9, 2007… What’s your best guess?
Okay, so with that in mind, where do I stand today? I don’t think things have improved a hell of a lot and even though I would be even more pessimistic that I was back in November; today, I envision a Dow at 6,750 by say, the end of March of this year. From that point forward, we might see a slow and anemic uphill crawl, but it sure will take a good decade before we rejoin its 14,164.53 peak set on October 9, 2007… What’s your best guess?
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