Today, Alan Greenspan may just to do Michael Jackson’s Moonwalk.
- Dec 01, 2005
- admin
- Entrepreneur, Investing
I’VE HEARD SOME BOLD STOCK MARKET PREDICTIONS IN MY DAY.
You know the kind I’m talking about.
The ones that are so bold, so brazen that when they hit your
ears you think to yourself, “What’s this guy been smoking?”
That’s exactly what I thought when I saw crazy Henry Smith boldly
predict “DOW 20,000” on CNBC during the height of the bull market
in 1999.
The last I heard about him, he was still huddled in the fetal position
inside of his firms bathroom.
And what about Henry “Pump-and-Dump” Blodget’s famous prediction that
shares of Amazon would rocket to $400 per share.
After good-ol Henry got that call right his fame reached new heights.
He was then recruited by Merrill Lynch who must have known that
his powers of persuasion would help their buig clients dump billions
of dollars of worthless stock on a trusting public who believed he
would call another Amazon.
Yup, bull-market-tops and bear-market-bottoms have produced many a
good Carnival Barker whose outsize predictions can cause much
heartache.
And folks, that brings me to the point of my discussion today.
I heard a prediction recently that was so bold, so agressive that
I spent the past two weeks checking into it before deciding to share
it with you.
Here, ladies and gentlemen, is the boldest financial prediction I’ve
heard all year:
“JAPANíS $3+TRILLION POSTAL PRIVATIZATION IS LIKE THE ‘BIG BANG.’
IT WILL HAVE A SIGNIFICANT IMPACT ON FINANCIAL MARKETS”
Now $3 Trillion dollars in liquid cash would be the “Big Bang” for
any stock market, especially a stock market like Japan’s which has
been in the doldrums for close to twenty years.
But what was even more surprising then the actual prediction was
the source of the prediction.
No, it wasn’t Henry Blodget (a broken person is right twice in a
lifetime – he still has some years to go).
Nor was it Henry Smith (still in the fetal position sucking his
thumb).
Nope, the person that made this prediction wasn’t a person at all –
it was an institution.
An institution that is very well respected and admired for its
objectivity and respect for the facts.
The name of the group making the predicition was the “Japan External
Trade Organization.”
Just think about that for a moment. This normally reserved and
quiet group of egghead wonks making such a bold prediction.
That would be like Alan Grenspan jumping onto the table during a
Congressional hearing and doing Micheal Jackson’s mooonwalk before
spinning around and yelling “He, He!”
Pretty heavy indeed.
But that’s not the half of it.
Since releasing our Special Report on Asia Wednesday to members of
Fallen Angel Stocks the response has been overwhelming.
That’s right.
Members of Fallen Angel Stocks and The Trend Rider have access to
in-depth market insight produced by one of the greatest investing
minds of our generation.
For those of you still one the fence debating whether to try a
subscription to Fallen Angel Stocks I’ve decided to put an excerpt
here for your review:
“THE GANG OF THREE
The three countries set to benefit the most from this awesome China
Boom are JAPAN, SOUTH KOREA and SINGAPORE.
Japan, along with South Korea and Singapore, is about to formalize a
Tri-Lateral free trade agreement with China that will create the worldís
largest trading bloc, second only to the North American Free Trade
Agreement.
Itís called the East Asian Community, EAC for short, and it will create
a freer flow of trade and investment just like NAFTA did.
Over the next 20 years it could make the EAC the single most dominant
global economic power.
The trilateral free-trade agreement will link the worldís largest
group of consumers (China) with the worldís second largest economy
(Japan) and the regionís leading manufacturing power, South Korea
along with the banking giants of Singapore (regarded by many as
the ìSwissî bankers of Asia).
The profits generated by Japan, South Korea & Singapore through
this agreement will be staggering.”
Indeed the profits that flow from this will be stagerring.
The question is: which stocks do you buy?
–By Dylan Jovine