Byron Wien’s Reveals Top 10 Predictions: Expects Stocks To Decline After Predicting 15% Rise In 2015
zerohedge.com / by Tyler Durden on 01/04/2016 12:53
Each year for the past three decades Blackstone’s Vice Chairman of Multi-Asset Investing Byron R. Wien presents his top 10 “surprises” for the upcoming 12 months.
What constitutes a “surprise”, you ask? A surprise is “an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is ‘probable,’ having a better than 50% likelihood of happening.” Last year’s listincluded a few predictions that didn’t exactly pan out including:
- The year-end 2014 rally in United States equities continues as the market rises for a strong performance in 2015
- The year-end 2014 meltdown in the high yield market, as a result of the collapse in the price of oil, creates a huge buying opportunity.
- Brazil provides an emerging market favorable surprise.
- Hillary Clinton decides not to run for President
Byron’s Ten Surprises for 2016 are as follows:
The post Byron Wien’s Reveals Top 10 Predictions: Expects Stocks To Decline After Predicting 15% Rise In 2015 appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/01/04/byron-wiens-reveals-top-10-predictions-expects-stocks-to-decline-after-predicting-15-rise-in-2015-2/
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