PROBABLE Prediction 2002.4 ![[CROSS]](../cross.gif)
Submitted 23 May 1998 by Nelson Metke
Prediction:
US Stock Markets will finally head down, beginning 3Q99 and finally bottom out in 3Q02. A slow recovery will begin then.
Objective measurement:
Markets will be lower for these three years.
When:
Maximum possible error +/- 3 months
Why:
Years of confiscatory taxes by liberal politicians.
Further comments:
According to http://www.nyse.com/pdfs/mmv1103.pdf, the yearly average total market valuations were:
Average total market value in billions, 1999: 11,751.8
Average total market value in billions, 2000: 12,180.7
Average total market value in billions, 2001: 11,781.9
Average total market value in billions, 2002: 10,612.2
But Nelson was pretty close -- if he had pushed it back to 2001, he might have been right. As usual, thanks to savageland for chasing this up.