I'm starting to sound like a broken record. My 2007 forecast is for the global stock market, as measured by the Morgan Stanley World Index, to be up somewhere between 10% and 40%, while the S&P 500 will up but by a lesser amount. By either measure the stock market will trounce both bonds and cash. The problem: This was precisely my last year's forecast.
In 2006 the World was up 20.1% (including dividends). The S&P 500 was up 15.8%. The ten-year bond delivered a total return of 2.4%, and cash was boring. It was what I initially envisioned as a good to great year--better than most folks expected. And that is just what I see now.
Read the complete column
In 2006 the World was up 20.1% (including dividends). The S&P 500 was up 15.8%. The ten-year bond delivered a total return of 2.4%, and cash was boring. It was what I initially envisioned as a good to great year--better than most folks expected. And that is just what I see now.
Read the complete column
