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Pitbull: Lots of Zeros and a Fearless Forecast


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#1 Rogerdodger

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Posted 29 December 2006 - 10:20 PM

From Henry Ford Pitbullinvestor.com
"Last year before Christmas when the DOW was at 10,800 I called for the DOW to close out the year with a target of 12500. We made that goal today. Most pundits were calling for about a 7.5% growth rate for the year and we should close out somewhere around 15.7%. The SPX I was looking for 1400 and we are now above that level at 1425. Starting at 1246 that gave us a gain of 14.4% for the year. This year once again I am looking for better than average returns, although I do expect to see a 10% correction in the first quarter which will offer a great opportunity for those who missed the boat to jump in. Overall I am looking for 15% to 20% on the NASDAQs next year...(they have been the real laggards with only a 6% gain for the year). Semis and box makers should end up the year on a high note. I do expect to see homebuilders strong again after mid-year, Healthcare and Biotechs should do well by mid-year. Overall I do expect earnings to be better than expected once again. Because the NDX should be the leader and so many of its components are included in the other major indexes I expect that all indices will see good gains, but probably only 12% on the SP500 and the DOW. I DO NOT believe as pundits are predicting that we will only see 7% growth. (They have made that same prediction for the last 2 years running) Henry Ford"
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#2 jawndissedi

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Posted 30 December 2006 - 01:10 AM

From Henry Ford Pitbullinvestor.com
"Last year before Christmas when the DOW was at 10,800 I called for the DOW to close out the year with a target of 12500. We made that goal today. Most pundits were calling for about a 7.5% growth rate for the year and we should close out somewhere around 15.7%. The SPX I was looking for 1400 and we are now above that level at 1425. Starting at 1246 that gave us a gain of 14.4% for the year. This year once again I am looking for better than average returns, although I do expect to see a 10% correction in the first quarter which will offer a great opportunity for those who missed the boat to jump in. Overall I am looking for 15% to 20% on the NASDAQs next year...(they have been the real laggards with only a 6% gain for the year). Semis and box makers should end up the year on a high note. I do expect to see homebuilders strong again after mid-year, Healthcare and Biotechs should do well by mid-year. Overall I do expect earnings to be better than expected once again. Because the NDX should be the leader and so many of its components are included in the other major indexes I expect that all indices will see good gains, but probably only 12% on the SP500 and the DOW. I DO NOT believe as pundits are predicting that we will only see 7% growth. (They have made that same prediction for the last 2 years running) Henry Ford"
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Gosh, yet another feckless -- umm, I mean fearless forecast. And it comes with a colorful table of "indices" too. Just for a change of pace, would anyone like to consider a little reality-based data about the economy?

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#3 spielchekr

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Posted 30 December 2006 - 12:45 PM

Gosh, yet another feckless -- umm, I mean fearless forecast. And it comes with a colorful table of "indices" too. Just for a change of pace, would anyone like to consider a little reality-based data about the economy?

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Simple! All that tech stuff gets smaller and lighter all the time. :lol:

#4 Rogerdodger

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Posted 30 December 2006 - 05:12 PM

Soft landing keeps fuel prices down.

#5 spielchekr

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Posted 30 December 2006 - 08:17 PM

Soccer Mom fuel prices look passable. But not Trucker Joe fuel. They've still got diesel burners by the short & curlys. With fuel costs now designed to be surreptitiously rolled into consumer prices, soft-landing talk is done with forked tongue. I should convert Mac trucks to gasoline burners and make a family fortune.

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