The 10 Worst Predictions About 2008 by BusinessWeek : Ask the eConsultant

The 10 Worst Predictions About 2008 by BusinessWeek

01. A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith! – Richard Band
02. AIG could have huge gains in the second quarter. – Bijan Moazami
03. I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They’re not in danger of going under … I think they are in good shape going forward. – Barney Frank
04. I’m not an economist but I do believe that we’re growing. – President George W. Bush
05. I think Bob Steel’s the one guy I trust to turn this bank around, which is why I’ve told you on weakness to buy Wachovia. – Jim Cramer
06. Existing-Home Sales to Trend Up in 2008 – Headline of a National Association of Realtors
07. I think you’ll see [oil prices at] $150 a barrel by the end of the year – T. Boone Pickens
08. I expect there will be some failures. … I don’t anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system. – Ben Bernanke
09. In today’s regulatory environment, it’s virtually impossible to violate rules. – Bernard Madoff
10. There’s growing evidence that parts of the debt markets … are coming back to life. – Peter Coy and Mara Der Hovanesian