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Smart Is As Smart Does?

The smartest people on Wall Street like to say that the smartest people on Wall Street work at Goldman Sachs.  Because of their apparent sincerity, it is worth the effort to follow their forecasts.  In no particular order, here are some of their latest predictions:

1,  GDP growth in the U.S. will be flat this year but rising to 2.6% next year.
2.  GDP growth in the Euro area will rise from 0.9% last year to 1.9% next year.
3.  GDP growth in China will continue to drop from 7.4% last year to 6.7% next year.
4.  The S&P 500 will rise to 2150 within three months but drop back to 2125 nine months later.
5.  The European STOXX will rise 10.8% over the next twelve months.
6.  The Japanese TOPIX will rise 6.2% over the next twelve months.
7.  Ten-year U.S. Treasury rates will rise 52 basis points over the next twelve months.
8.  The Euro will fall 14.4%, while the Yen gains 4.8% against the dollar.
9.  Oil will continue to fall, while natural gas rises 26.4%.
10. Gold will continue to fall, along with copper.

Any questions?