Predictions 2002 Message Board

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Pastimes : Predictions 2002

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To: Jorj X Mckie who wrote (5)	1/1/2002 10:43:05 AM
From: AugustWest	Read Replies (2) of 26

Than I better get 'em in today<GGG> NASD High:2630 Low:1125 EOY:1550 NDX High:1942 Low:780 EOY:930 Dow High:11100 Low:7800 EOY 8100 S&P High: 1325 Low: 875 EOY: 925 SOX High:670 Low:310 EOY: 480 Au High:410 Low:266 EOY: 360 Ag: High 7.60 Low:4.20 EOY: 6.80 ~~~~~~~~~~~~ -European econo will fall into despair and the euro transition will cause EA countries to begin finger pointing. This will trigger a very long and heated debate as some countries will petition to go back to their original currencies. -If I'm right about europe, it will spill over into the USA putting us into the worse economic conditions we have seen in since '29. -Fed funds will drop to .125% -cunsumer debt will increase as many will not be able to make their minimum monthly payments. -mortgage default will be the second worst this country has ever seen -housing prices will fall by more than 20% -"Women Investment Clubs" will not be heard from for another decade -The Last mile will lose another two miles -Unemployment will rise to 9% -Big three auto makers will need gov. assistance as consumers default on 0% financing loans and further sales diminish. -Rolling black outs will become common place as the hottest summer on record in the US puts a strangle hold on things. -Drought will cause the price of livestock to increase -Wheat, soy and other grains will slowly begin to replace grazing land -firearms sales will rise substantially in the US -record numbers of hunting licenses will be issued. -This will not be my stupidest post of 2002<GGG> EDIT: Suzi Orman and James Cramer will be gone from CNBC

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