People are asking so here goes:
Yr End 2004 Yr End 2005
Dow 10,780 12,300
Nasdaq 2,175 2,800
S&P 1,200 1,400
US GDP Growth 3.9-4.0%? 4.25%
WSJ Prime Rate 5.25% 7.50%
10 Yr T-Bill 4.21% 4.85%
1 Mo. LIBOR 2.42% 3.95%
Fed Discount Rate 3.25% 4.75%
Fed Funds Rate 2.25% 3.75%
I am rather bullish on the US economy, not worried about either trade deficits or what I see as temporary spending deficits, and slightly worried about inflation concerns starting middle to 3rdQ of 2005.
Please do not use this as advice this is just my prediction. I haven't even looked at other forecasts so this is unbiased and perhaps ill-informed. We will find out this time next yr.
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