Two conflicting views of where the market should go in 2012
According to Dent the Demographics effect is about to kick in. Dent predicts S&P to fall 30-50% in 2012.
Jim O’Neill of GS is slightly more positive, and expects the market to go up 20%. Two rather different views below;
Harry Dent is, to put it in the nicest form I can, a complete idiot and charlatan. I have unfortuantely been exposed to his “predictions” over teh last 13 years or so….in 2000 he predicted Dow 40k, then again in 2006…from wiki…
“In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom['s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.”
Not to say that he can’t be right in 2012, but even a broken clock is right twice a day…
Just amazing how people make these predictions, and still get paid….
I THINK THE RETAINER FROM GS OR WHOEVER HELPS
the general public and even many traders like to believe that markets can be “predicted”, so these pundits fill the void….smart traders make their money off of others who believe they can predict markets…