Cramer, Kass Predictions Close to Bull's-Eyes

As 2006 ended and the new year began, many voices -- including ours -- were making predictions on potential business and financial happenings in 2007.

I want to note two predictions -- one from 2006 and one that was made recently. On Jan. 5, 2006, Jim Cramer predicted that the Dow Jones Industrial Average would finish the year at 12,470. The Dow exceeded that total Dec. 19 before closing the year at 12,463, just 7 points below his target.

I don't have to tell you that this is eerily accurate. In case you missed Jim's predictions for 2007, you can read the column by clicking here.

The second prediction of note was made just two weeks ago by Street Insight's Doug Kass. In his article noting his 25 surprises for 2007, his eighth surprise was that the Commodity Research Bureau Index would fall below 300. As it turns out, the CRB Index fell below that mark yesterday. (The other portion to surprise No. 8 was that crude oil would fall below $50 a barrel I should note that crude oil is trading around $56.60 and is down some 3% today.)

You can reread Doug's 25 surprises by clicking here.

We'll keep you updated on our predictions from Jim and Doug, and we'll also note where we have missed as the year progresses.

Let's stay interactive.

Dave Morrow

Editor-in-Chief