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10 Predictions for 2009

Tim, nice job on most of your predictions last year. Remarkably good, except for this one (but you got the headline exactly right and the downward direction which is very, very good):

3. It Will Be a Bad Year for U.S. Equities

The Dow and the S&P 500 Index will decline by 5 percent and the Nasdaq will gain 1 percent. Foreign stocks will continue to do better than U.S. stocks, but there will be fewer high-flyers than in 2007.

The Chinese stock market will gain more than 50 percent by summer and then lose most of the gains by year-end. The Japanese stock market will be one of the top performers in the world.
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You have made a valiant try again this year, good luck. I appreciate your efforts and your cite to last year.