Doug Kass’s 15 surprises for 2012
Legendary hedge fund manager Doug Kass of Seabreeze Partners is a familiar and respected name on this blog. I therefore thought readers might be interested in his surprise list for 2012. The full article appears on The Street and I urge you to read it in its entirety. The bullet-form summary is below.
2. The growth in the U.S. economy accelerates as the year progresses.
3. Former Presidents Bill Clinton and George Bush form a bipartisan coalition that persuades both parties to unite in addressing our fiscal imbalances.
4. Despite the grand compromise, the Republican presidential ticket gains steam as year progresses, and Romney is elected as the forty-fifth President of the United States.
5. A sloppy start in arresting the European debt crisis leads to far more forceful and successful policy.
6. The Fed ties monetary policy to the labor market.
7. Sears Holdings declares bankruptcy.
8. Cyberwarfare intensifies.
9. Financial stocks are a leading market sector.
10. Despite the advance in the U.S. stock market, high-beta stocks underperform.
11. Mutual fund inflows return in force.
12. We’ll see merger mania.
13. The ETF bubble explodes.
14. China has a soft landing (despite indigestion in the property market), and India has a hard landing.
15. Israel Attacks Iran.
Source: The Street, December 27, 2011.
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