Change of View on US Stock Market!

Dear Sir or Madam,

I am reversing my forecast that US stocks, measured by the S&P 500 and Nasdaq Composite, will fall respectively 20% and 30% in 2015.

Now I forecast that US equities measured by the main indices(S&P 500, DJIA, Nasdaq) will grow by 6-8% a year in the next 2-3 years.

I still think there is a bubble in nonpublic tech stocks. Some of the public tech stocks, however, have already corrected. I still think some mutual funds and other institutional investors will loose a lot of money, but that event should be a controlled one.

I still think 10 year German government bonds yield will reach 1.00% in 2015. I confirm my forecast of the EUR/USD reaching 0.90 in 2015. Eurozone 'periphery' government bonds will continue their sell off. I forecast gold will sell off sharply to 800 USD within 2-3 years.

My forecast that the German DAX will sell off 10% has already come true, so now I forecast the DAX Index will finish up 15% for 2015.


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Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!