Dow 10,000, Revisited: Paul Kedrosky Sees Stocks "Considerably Higher" by Year-End

It would be helpful if Tech Ticker gave the "batting average" for all of the supposed experts they interview. How often has this character been correct in his last 20 predictions?

I agree about batting average.I hope this guy is correct. Funny since this is an overall positive message. Hardly any comments on board which if negative... Proves that alot of posts here are just anti-Obama posters looking for way criticize him. i actually came here to see what they say about this guy's comments. There are no posters. lol

TJ - Using facts and figures, maybe you can show how good things are?

I promise never to greedy ever again - unless nobody is watching - we may be witnessing evidence that while we may have escaped depression we have not learned much of a lesson -- back to the status quo-- so sad

Everything is peaches and cream until the last 15 seconds when he starts talking about higher inflation etc... Then, WHAM! The market is going to sell off again next year. Why? BECAUSE THINGS ARE NOT GETTING BETTER, THEY ARE JUST GETTING LESS WORSE. Our economy cannot get any better as long as we are piling up irresponsible amounts of debt. Anti-Obama posters? Maybe, but there is plenty of blame for the Republicans too.

Everything is peaches and cream until the last 15 seconds when he starts talking about higher inflation etc... Then, WHAM! The market is going to sell off again next year. Why? BECAUSE THINGS ARE NOT GETTING BETTER, THEY ARE JUST GETTING LESS WORSE. Our economy cannot get any better as long as we are piling up irresponsible amounts of debt. Anti-Obama posters? Maybe, but there is plenty of blame for the Republicans too.

nobody has to look for a way to criticize obama. people have to be blind not to find a way. anti-obama/anti-bush? maybe people are just anti-despot. there are legitimate reasons to hate what these people did/are doing. and yet someone is "anti-obama" if they posit that the things that made this country so strong are being erroded in an exponetial fashion. for example, if something's not legal, let's change the law so that it is. this is a serious problem.

Ked is wrong again. We will see DOW 7500 before we move up. Sorry but I am with Minyanville on this one. It's a W. Notice Ked covered his butt with calling it a bear market rally.

are you serious? a double dip? you wll not see 10,000 until you see 7700 - this is the perfect storm - and forget about the GM problems - do you really understand the insane whiplash that is getting ready to be put on the market - 90 days are up and reality is back - what do you think moodys. fitch and the s&p are going to rate this, nothing a little make-up can't cover up - AAA of course!

http://finance.yahoo.com/news/Borrowers-with-good-credit-apf-15376981.html?sec=topStories&pos=main&asset=&ccode= Borrowers with good credit fuel foreclosures in 1Q Cream of the crop home loans take center stage in foreclosure crisis as recession deepens NEW YORK (AP) -- The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll. A record 12 percent of homeowners with a mortgage were behind on their payments in the first quarter, the Mortgage Bankers Association said Thursday. And the trend is predicted to continue until the end of next year, about six months after unemployment is expected to peak.

I don't

We won't see DOW 10,000 until this recession is behind us... no way the fundamentals will support that.

Kedrosky's logic that we should go higher becauase of the skepticism is ludicrous. No one is going to ring a bell for you to tell you when the bear market rally (which he also believes it is) will end. He'll be long waiting for his Dow 10,000 as we're headed for new lows! GET YOUR HEAD OUT OF YOUR A$$! WE ARE DONE!

The market doesn't always march in synch with fundamentals.. right now more money is going into the market than out of the market... what else do you need to know.. it could stop tomorrow.. it could go to 14,000.. don't look to logic to analyze market moves.. look to market moves to defy logic... be a hitchhiker and have a nice ride...

Let's overlook the number of people getting layed-off, something in the 600,000 range. Let's look at simple things like: Mortgage rate are not going down, they are going up. Considering the number of toxic mortgages out there, let's add more. Go to the grocery store. Prices are the same, but the quatity is smaller. Hmmm. On your trip home from the grocery store, buy gasoline. In the Midwest, it's over $2.50/gallon. Consider how wages have decreased. Temporary employment agencies are flat. Flat because no one is hiring. Commercial real estate is bad. Look at the price per square foot. No one is leasing because there are no jobs. Look at the average starting salaries for college grads. Down about 10% from last year. Look at how many people still employed have taken paycuts, forced non-paid leave, etc. Look at how many companies stopped contributing to 401k. Now, where is the anti-Obama commentary in any of these simple facts? Now, because some things fluctuate for a month, it does not mean prosperity is returning. You also have to consider the net effects of Chrysler and GM on the peripheral industries. Keep the faith and keep rubbing them ruby slippers and maybe you will get back to Kansas. Me, I am not listening to the man behind the curtain... sometimes the truth hurts.

How can you have poor performance while trading on inside information? It doesn't compute! Maybe someone behind the curtain was feeding him false info.. What do you short pumpers think? ha ha

Absolutely, if something can be stirred in the east, stocks will move to 10,000 in two to three weeks. Or, 6500 in three days.

The only thing I am 100% sure of is that predictions from trained economists are no more accurate than predictions from armchair economists and even people who don't know anything about the subject. Next up... New England Weather Report!

The main problem with economic forecasting is that it must assume many constants or absolutes in order to create a prediction. As we all know, the world is constantly in flux! The only time an economist gets it right is when he puts all the many and complex variables into perfect alignment. This almost never happens. When it does, the economist is praised after the fact! See Schiff. The odds of an economist making two accurate predictions in a row are very low. The odds of one economist out of thousands getting it right once is pretty high! Unfortunately, we won't know who's right until after his prediction comes true! Good luck following advice based on economist's models! You are probably better off throwing darts at a board of stocks you like and then protecting yourselves with reasonable stop losses.

I Agree with Harshings,even here in wa st--all in deficit,layoffs,(state,countys.cities)businesses closing, forclosures--8.9 here in wa st.More & more people,families having to leave homes,u.e. ran out.More homeless & the list goes on.Wall Street runs on fake propoganda news.Tomorrow it will say numbers are better than expected but less than predicted , B.S. propoganda--just false,I don't see anything positive in Main St.It's getting WORSE!!