Michael Covel lists Byron Wien's 10 'surprises' for 2006.
At his keynote last week in Austin, Byron Wien of Pequot Capital laid out his 10 'surprises' for 2006:
1. Crude goes to $80, but inflation stays low.
2. S&P declines 5%.
3. Fed funds moves to 5%, but US treasury yields stay at 4.5%.
4. Large cap stocks fail to gain ground.
5. Price of gold declines to $425.
6. Dollar gains another 10% against yen and euro.
7. International markets correct.
8. China keeps their currency undervalued.
9. Stock markets are sent reeling by pandemic or another US terrorist attack.
10. Mitt Romney is 2008 GOP candidate and Hillary is 2008 Democrat.
Wien said that he usually predicts 6-7 correct every year going back 20 years.