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Economy

rdking647

(5,113 posts) Tue Jan 3, 2012, 12:23 PM Jan 2012

my 2012 predictions

the stock market end 7% higher on the year
gold hits a new all time high over 2000/ounce.
oil ends up the year around 100-110 a barrel
10 year treasuries currently yielding 2% end the year around 2.5%
greece leaves the euro and defaults on its debt but it doesnt have any drastic consequences.

the best preforming stock in the dow 30 will be BAC (my longshot prediction). I dont own any but I may buy some BAC prefereds (specifically BAC-L)

3 replies

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my 2012 predictions (Original Post) rdking647 Jan 2012 OP

Courage of your convictions, that is for sure. dixiegrrrrl Jan 2012 #1

Well, I would not put a lot into that BAC stock. bemildred Jan 2012 #2

either would i :) rdking647 Jan 2012 #3

dixiegrrrrl

(60,010 posts)

1. Courage of your convictions, that is for sure.

Reply to rdking647 (Original post)

Tue Jan 3, 2012, 04:19 PM

Jan 2012

bemildred

(90,061 posts)

2. Well, I would not put a lot into that BAC stock.

Reply to rdking647 (Original post)

Tue Jan 3, 2012, 05:31 PM

Jan 2012

Otherwise, I think your guesses sound reasonable.

rdking647

(5,113 posts)

3. either would i :)

Reply to bemildred (Reply #2)

Tue Jan 3, 2012, 07:22 PM

Jan 2012

but i'll probably put a small amount into it.

if I bought 500 shares of the common stock it would cost me less than 3k. thats my total downside. and if Im correct and the stock goes to $20 thats better than a 6x return. the risk reward seems to be in my favor.

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