Whenever your job is getting you down, just be glad you aren’t a financial journalist who has to make annual predictions that live forever on the web. Since the advent of MSN Search and Google, there is no hiding my most unfortunate calls in the drawer anymore. It’s all out there. So as an addendum to my 2008 forecast, which you can read right here, here’s how my '07 predictions fared.
1. Bull market, year 5. Well, sort of. I forecast an S&P 500 gain of 13% on 2007. We got 3.5%. The Nasdaq 100 did go up 19%, though, so let’s average them out and call it good.
2. Goldilocks lives! I forecast modestly rising inflation, modest job growth and below-trend U.S. economic growth of 2.6%. This was right on, as annualized growth came to 2.8% in 2007.
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