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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (336572)	1/2/2003 5:58:22 PM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 769670

MIKE'S PREDICTIONS FOR 2003 Dow Jones Industrials - Lower than it is right now. If you make me pick a number, I'll say it will decline at least 10%, which will put us under 8,000 or likely closer to 7,800. The truth is that I think it might actually be even a little bit lower. NASDAQ - Somewhere around 1,100, although NASDAQ has recently revamped the makeup of the index so it now includes less technology. I'm basically expecting between a 15% and 20% decline from current levels. Ten-Year Treasury Note - 3.75% Fed Funds - 1.25% Yield Curve - More flat than now due to declines in longer rates. 30-Year Mortgage Rates - 5.25% The Economy - The word "recession" will be used heavily by the media by late summer and you will hear the word "deflation" being used nightly by mainstream news anchors. Remember where you heard it first please. I expect the economy will stall in the second quarter and perhaps begin to spiral downward before year-end with GDP actually beginning to shrink, much less grow. Real Estate - Declines in commercial real estate values will be substantial. The residential market will begin to decline early in the year and continue for several years to follow. Oil Prices - With the potential war in Iraq and the other uncertainties it is hard to imagine prices declining anytime soon. If Saddam Hussein is removed from power we may actually see a steep decline in oil prices and see them drop quickly. Unemployment - Rising toward 7.00% by year-end. U.S. Inflation - Negative 1.00% Tiger Woods - Three majors, which will include his fourth Masters, the British Open and the PGA Championship. His near miss at the U.S. Open will eliminate all the speculation about the Grand Slam and make winning the other championships easier without the pressure. Me - A cutback in Diet Coke consumption and since I'm sharing this "inside information" with you, it's a terrific opportunity for you to sell Coke stock short!! MY FAVORITE THINGS FROM 2002 BEST WORD - Evildoers