Quote from Pekelo:
Saxo Bankâs Outrageous Predictions 2008
If youâve read Saxo Bankâs yearly Outlooks over the last few years, youâll know we donât hold back in our
annual attempt to predict the black swan sightings in global markets for the year ahead.
none of these is bold or unreasonable enough to be called a black swan. a black swan prediction might be some homeless guy in miami who used to sell furniture ends up president in 2008.
sp500 drops 25%? come on, that's hardly a black swan. everyone knows the economy is weakening, is it that unreasonable to expect a 25% drop? jeez, so much for "outrageous predictions".
