There will be 10% corrections along the way. Generally, we are in a period of low volatility because there isn’t a recession in sight. My view is the earliest we’re gonna have a recession is 2021.
~ Byron Wien, strategist, Blackstone, "'Something lurking out there' will upset the stock market, says Blackstone's Wien," MarketWatch, June 8, 2018
Showing posts with label people - Wien; Byron. Show all posts
Showing posts with label people - Wien; Byron. Show all posts
Jan 5, 2009
Byron Wien forecasts a 33% rise in the S&P 500 for 2009
In anticipation of a second-half recovery in the U.S. economy, the market improves from a base of investor despondency and hedge fund and mutual fund withdrawals. The mantra changes from ‘fortunes have been lost’ to ‘fortunes can still be made.’
~ Byron Wien, 75-year-old chief market strategist at Pequot Capital Management, "Pequot Capital’s Wien Sees Rallies in Stocks, Oil, Gold in 2009," Bloomberg, January 5, 2009, by Elizabeth Stanton
(Wien forecast the S&P 500 will rise to 1,200 in his 24th annual “10 Surprises” list. He also predicted gold will rise to $1,200 an ounce and oil will rebound to $80 a barrel.)
~ Byron Wien, 75-year-old chief market strategist at Pequot Capital Management, "Pequot Capital’s Wien Sees Rallies in Stocks, Oil, Gold in 2009," Bloomberg, January 5, 2009, by Elizabeth Stanton
(Wien forecast the S&P 500 will rise to 1,200 in his 24th annual “10 Surprises” list. He also predicted gold will rise to $1,200 an ounce and oil will rebound to $80 a barrel.)
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