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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject12/30/2001 8:59:16 PM
From: XBrit  Read Replies (1) of 6873
 
The yearly preview issue of Business Week is on the stands
now, and of course it's bullish bullish bullish.

businessweek.com

Close observers will notice one feature is missing this year...
the annual roundup of "expert" predictions for how the markets
will do in 2002.

I think I know why that feature is missing :) Here's a repost
of last years predictions. They were stunningly,
abysmally, embarrassingly wrong:

======================================
Predictions for 12/31/01, from 12/23/00 Business Week

Dow SP500 Nasdaq

CLARE ZEMPEL R.W. Baird 13750 1825 3850
GEORGE EGAN Spencer Trask 13500 1750 3500
ROBERT ROBBINS Robinson-Humphrey 13250 1674 3099
LASZLO BIRINYI Deutsche Bank 13050 1600 3450
JAMES WEISS State St Research 12920 1710 3290
PHILIP ORLANDO Valueline 12880 1630 4500
ROBERT GOODMAN Putnam Inv 12750 1580 4600
STUART FREEMAN A.G. Edwards 12700 1700 4000
JOE BATTIPAGLIA Gruntal 12700 1650 4300
ELAINE GARZARELLI Garzarelli Cap 12700 1635 -
JOHN LYNCH IJL Wachovia 12500 1700 4000
SUBODH KUMAR CIBC World Markets 12500 1625 4300
EUGENIA SIMPSON Kirkpatrick Pettis 12250 1550 3500
RICHARD SICHEL Philadelphia Trust 12165 1560 3400
JAMES MEYER Janney Montgomery Scott 12100 1550 3750
ALLAN RONESS JW Genesis 12100 1470 3625
NOEL DeDORA Fremont Inv Grp 12060 1550 4000
DAVID HENWOOD Raymond James 12000 1550 4200
HUGH JOHNSON First Albany 12000 1530 3700
DAVID KATZ Matrix Advisors 11900 1515 3340
INVESTMENT TEAM Jurika & Voyles 12000 1475 3100
BARRY HYMAN Weatherly Secs 11877 1525 3875
JOHN SHAUGNESSY Advest Inc 11800 1540 3250
JOSEPH BARTHEL Fahnestock 11800 1520 4000
BERNIE SCHAEFFER Schaeffers Res 11750 1500 3250
STEVEN FRENKEL Ladenburg Thalmond 11700 1589 4480
THOMAS McMANUS B of A Secs 11500 1525 3000
MARSHALL ACUFF SSB 11500 1500 3200
CHARLES PRADILLA SG Cowen 11500 1495 3850
RICHARD JANDRAIN BancOne 11500 1470 3050
GREG SMITH Prudential 11500 1450 3300
ROGER DeBARD iGlobal Capital 11495 1483 3197
THOMAS MADDDEN Federated Inv 11000 1450 4000
DOUGLAS CLIGGOT J.P. Morgan 11000 1400 2500
CHARLIE CRANE Spears Benzak 10750 1400 3150
GEORGE JACOBSEN TSB&J 8100 1000 1800
JEFFREY APPLEGATE Lehman Bros - 1800 -
EDWARD KERSHNER UBS Warburg - 1715 -
===========================================================
AVERAGES 12015 1558 3583

12/28/01 ACTUAL 10137 1161 1987
% ERROR IN PREDICTIONS 18% 34% 80%
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