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Byron Wien's informal survey of billionaires summering in the Hamptons finds them more upbeat...

  • Friday, September 7, 2012, 8:05 AM ET
    Byron Wien's informal survey of billionaires summering in the Hamptons finds them more upbeat about markets and the economy than the last couple of years. The majority believes the S&P will hit 1500 before year's end, with some calling for 1600 in a year. "I will be curious to see whether these lunches prove to be a contrary indicator." Now off for a quick 9 at The National.
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This news story has 3 comments:

  •  
    Good grief. Why wouldn't billionaires be "upbeat"? This might be the most single useless "news" item that I've ever seen on SA. Congrats on that. Jeez.
    7 Sep 2012, 08:24 AM Reply Like
  •  
    stopped clock analysis

    Byron's calls are off 80% of the time
    7 Sep 2012, 09:13 AM Reply Like
  •  
    The S&P 500 is restricted to companies domiciled in the United States. The US has under 5% of the world's population, and about 19% of the world's GDP (and declining). What are the billionaires views on the other 95% of the world? As America's share of the global economy declines, the "S&P 500" becomes increasingly marginalized.
    7 Sep 2012, 11:09 AM Reply Like
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