Hot off the Press

[Toons]

Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"

[mephistophles]

Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"

I predict that the S&P 500 will end 2009 either higher or lower than 2008. I predict that it will not end the same.

[chaz]

crystal ball forecasting is like playing craps in a casino.

[craigr]

crystal ball forecasting is like playing craps in a casino.

Craps has better odds.

[LGRZEMKOWSKI]

Toons

Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"

That means nothing!!! If I were in thier business I would put out garbage like that too. We would not want to cause a panic with all the potential credit issues pending in 2009 and 2010. To say nothing about the government spending trillions of dollars we don't have.

Larry G

[cato]

Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"

Ken Fisher is not my favorite guy (his reps keep hounding me). However, I think he had it right when he said when you look at all the strategists' predictions it's a fair guess the one outcome that none of them predicted will actually occur. So it will probably finish either at 800 or 1500.