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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • December 13, 2010 05:22 PM UTC by Cheryl Casone

    Best Guess: Santa Rally Sputters

    Today’s markets are showing a slight decline from an earlier move higher, yet still closing with a slight gain.  So far for the year the Dow in particular is showing a solid move up of about 10% and at the end of a busy show I made the Best Guess that we’ll see a year end push for stocks that will take us into a 12% gain for the Dow at least YTD.  Why do I say this? Because there has been a bullish underlying tone to the investment community’s position for a long time now, but uncertainty in Washington (taxes and so much more) that it’s hard for a retail or institutional trader to be sure about anything in an environment where Washington has become (to be blunt) a mess.  You can cheer the numbers in the financial report of XYZ company all you want, but if you have NO IDEA what regulation, taxes, and now healthcare is going to be next year, how do you make solid, fundamental investment decisions?

    If you can’t tell I’m frustrated with Washington’s indecision and infighting.  Enough is enough, it’s time for us ALL to get back to business.

    CC

    Best Guess round up after the jump….

    12/7

    DENNIS KNEALE:

    I predict the bush tax deal will fall apart!  And key changes will be made that will raise taxes on over-$1mil earners

    KIMBERLY GUILFOYLE:

    Wikileaks is about to release its Bank of America documents, the Federal Government just sold all its shares in Citigroup quote “By selling all the remaining Citigroup shares today, we had an opportunity to lock in substantial profits for the taxpayer and avoid future risk,” What does the Feds  know we do not?

    CHERYL:

    Markets tick higher in 2011 as corporate profits improve, has nothing to do with Washington

    12/8

    GREGG JARRETT:

    UNEMPLOYMENT WILL EXCEED 10 %.   CONTINING UNEMPLOYMENT BENEFITS & FAILING TO MAKE THE TAX CUTS PERMANENT…  ONLY HURTS ECONOMIC GROWTH & JOB CREATION.  

    KELLY EVANS:

    Best guess is that 2011 won’t live up to the rosy scenario most economists now foresee

    CHERYL:

    Commodity prices will push consumer prices higher in 2011.

    12/9

    JOHN LAYFIELD:

    I predicted Rangers would go to World Series, I was laughed at on set and by producers-but they went. I “guess” Cliff Lee stays in Texas and Texas goes to another World Series.

    ADAM SHAPIRO:

    President Obama gains approval by fighting the left wing of his party

    CHERYL:

    Next year there will be changes made to both financial regulatory reform and healthcare under the GOP led House and a newly reformed financial position by President Obama.

Carla, Ballwin,MO

Cheryl - I hope your prediction is correct,anyway - Have a Merry Christmas and Happy,HAPPY NEW YEAR!!!

December 13, 2010 at 8:10 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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