Financial Situation Prediction to Come True by End of 2009
This is more for myself than anyone else but I want to see how good (or bad) I am going to call the next 5 months when it comes to financial markets. Since BAC has been able to rely on their investment banking a lot more like other big name banks to boost or (cook) their numbers and maintain or keep their shares soaring, I have more than enough to make an educated prediction.
1. First prediction, the financial sector of the market is not as good as it seems and will crash to some serious degree by December 31, 2009.
2. The increase in foreclosures and the increase in bad credit will cause banks and credit card companies to lose more and more money to the point where they can't hide it with their success outside of consumer banking.
3. The hedge ETF's like FAZ will rise again to $60+ a share sometime between now and December 31, 2009.
4. And last but not least, the stock market will drop in the 7000's before December 31, 2009.
These are just predictions and I don't need a bunch of statistics to make picks. It is what it is and I have gone by ear, interpretation, and logic for my entire investing career and have done very well. Let's see what happens!