From entry dated aug.15:

"Pullback to 12500 +/-200 within next 2 - 8 weeks, small end-of year rally back up to 13200 by end of year. Financials volatility for next few months. end 2008 at 15500 +700-500, with more chaff burnt off, lower rate?, higher comps(latter half 08). Cant beat the housing dead horse forever. Definite dent in consumer discretionary spending. However consumers only account for 1/3 of economy (or is it 2/3?? - i forget), but the marketcap dropoff from pullback dents mid-upper class personal/business reinvestment/spending/etc. I.e. reducing stock holders networth by a trillion or whatever has bigger impact than a hundred billion of loan default on the economy, nonetheless a soft-landing."

Off by $64.82 for 2007. Not too bad eh? Dow finished at 13,264.82. Still think my prediction for 2008 will hold up? What's in YOUR wallet?

Comments: View Comments |  Tuesday January 1, 2008