The year in review, how I fared.
NASD High:2630 Low:1125 EOY:1550
2075 1113 1336
NDX High:1942 Low:780 EOY:930
1690, 806, 984
Dow High:11100 Low:7800 EOY 8100
10673, 7300, 8340
S&P High: 1325 Low: 875 EOY: 925
1172,777, 880
SOX High:670 Low:310 EOY: 480
637 213 289
Au High:410 Low:266 EOY: 360
350 278 346
Ag: High 7.60 Low:4.20 EOY: 6.80
5.12 4.25 4.77
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-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.
not yet
-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.
not yet
-Fed funds will drop to .125%
missed by 100bps
-cunsumer debt will increase as many will not be able to make their minimum monthly payments.
yep
-mortgage default will be the second worst this country has ever seen
not yet, maybe in 03 or 04
-housing prices will fall by more than 20%
not yet
-"Women Investment Clubs" will not be heard from for another decade
nope, they're still around
-The Last mile will lose another two miles
yep
-Unemployment will rise to 9%
about 6%
-Big three auto makers will need gov. assistance as consumers default on 0% financing loans and further sales diminish.
nope, and still offering 0% financing
-Rolling black outs will become common place as the hottest summer on record in the US puts a strangle hold on things.
it was hot and there still is a drought in the midwest
But no black outs
-Drought will cause the price of livestock to increase
must not have been since it wasn't mentioned anywhere in the news
-Wheat, soy and other grains will slowly begin to replace grazing land
Maybe by the end of this decade
-firearms sales will rise substantially in the US
nope, I read somewhere fire arms sales were actually down in '02
-record numbers of hunting licenses will be issued.
no evidence or facts on this
-This will not be my stupidest post of 2002<GGG>
TRUE
EDIT: Suzi Orman and James Cramer will be gone from CNBC
Nope they're still both there |
