Anyone have any guesses on where FTSE will be on 31st Dec? I have to admit ive been wrong in where i thought the stockmarkets would go recently, i cashed in all my share holdings by the end of September anticipating a HUGE drop, and ive been wrong wrong wrong.
Fundamentals are still dire, CRE defaults about to hit big time, property still over inflated, a ticking time bomb caused by QE with printing presses about to dry up, and the gadzillion other probs with government bonds etc
I remember reading John Liquid posting in June he didnt see a bit fall til Q2 or 3 in 2010. I laughed... but now im starting to think he might be right
for a whole myriad of reasons- amazing what QE delays
Anyhoo, my end of year prediction is 5555........followed by a drop of 25% by end of Feb ;-)
A man in a hot air balloon realised he was lost.
He reduced his altitude and saw a man below.
"Excuse me, but can you help me?
The man below replied: "You are in a hot air balloon hovering
approximately 30 ft above the ground.
You are between 40 and 41 degrees North latitude and between 56 and 57
degrees West longitude."
To which the balloonist replied:
"You must be an accountant." To which the man on the ground said:
"I am, but how did you know?"
What you told me was factually correct but no use to anyone
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