Most Accurate 2011 Market Predictor Says 2012 Will Be A BAD Year

Why should you listen to Adam Parker prognosticating on the market? Because as Business Insider points out:

Morgan Stanley’s Adam Parker was crowned the most accurate forecaster on Wall Street when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238.

His 2012 year-end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard.

And:

Parker called for the S&P 500 to close 2011 at 1,238, making him one of the most accurate, albeit bearish, strategists on the street. Will he be right this time?

Ah, whaddoes he know???

1,167, for the record, represents about a 20% drop from current market value.

Parker expresses some of his views on the coming months and why investors should bail here.  But it’s too bad I couldn’t post video of Adam Parker’s April 2nd visit with Larry Kudrow on his CNBC financial program; because neither man was happy with Obama’s incredibly failed policies.

Kudrow wrote an article on Obama’s failed oil policies that came out the same day, April 2.  Rising oil prices were one of the reasons for Parker’s dour assessment for a tanking economy.

Adam Parker is joined by Congressional Budget Office (CBO) head Douglas Elmendorf, who predicts unemployment will rise to 8.9% by the end of the year and will rise to 9.2% by 2013.

It’s hard to understand how on earth Obama can possibly get re-elected if these men are correct:  Obama will say, “blame Bush, blame Bush, blame Bush and, finally, blame Bush some more,” and people will be thinking, “Wait a minute, dude; YOU’VE been the president for the last four years, haven’t you?”

P.S. Enjoy your next fill-up, and please think of Obama as you watch the dollar amount indicator on the pump skyrocketing upward.  As of April 2, the national average price for regular gasoline was $3.94 – versus $1.79 when the man who appointed an energy secretary who wanted to make American gasoline prices rise to the levels of Europe took office.

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4 Responses to “Most Accurate 2011 Market Predictor Says 2012 Will Be A BAD Year”

  1. The Dauntless Conservative Says:

    MichaelE: Not to mention we now have the highest corporate tax rate to exacerbate our could be demise now since Japan reduced theirs and Canada just reduced theirs.

    http://www.theglobeandmail.com/report-on-business/why-canadas-corporate-tax-cuts-rate-a-collective-cheer/article2290427/

    For good measure, the rich, who risk their capital in the marketplace that helps job creation, still pay through the nose; the IRS just released this:
    http://www.irs.gov/pub/irs-soi/09inratesnap.pdf

  2. Michael Eden Says:

    Dauntless,

    The most amazing thing about Obama is that he is what I describe as a firehose of pure evil. You literally CAN’T keep track of all the vile crap this Marxist-fascist socialist is doing.

    I DID write about Obama’s “gift” to the business world on another article: https://startthinkingright.wordpress.com/2012/04/02/u-s-now-has-highest-corporate-tax-rate-in-the-world-but-emperor-obama-says-business-must-render-more-unto-him-instead-of-creating-jobs/

    But that said, you’re right; I should have mentioned Obama’s death by a thousand taxes; and if I didn’t I should have mentioned the crippling burden of regulation Obama is undermining any possibility of a competitive America with.

    P.S. Thanks for that updated tax information! The wealthiest 25% of Americans pay 87% of ALL federal income taxes, while half of ALL America forks over 2% of the tax burden. Yeah, those rich people clearly aint paying their share in demon-possession land…

  3. The Dauntless Conservative Says:

    MichaelE: re: “I DID write”. I know you did…just reinterating the fact to the less informed reader.

  4. Michael Eden Says:

    Dauntless,

    Glad to have your help!

    Obama has done so much to ruin America that the average mind simply can’t keep track of it all. It’s not an outrage a day; it’s more like fifty outrages a day. One brain isn’t enough to keep it all straight!

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