This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

11 Bold Predictions for the Year Ahead

In an amazing stroke of luck, Santa left a crystal ball under the tree for me last week. Despite trepidation at foreseeing the future, I felt obligated to take a peek and provide readers with a list of 11 surprises for the coming year.

  • Osama bin Laden is captured on Oct. 15 by U.S. Green Berets in an Iranian desert cave, outfitted with French kidney dialysis equipment and tended by Russian doctors. The discovery energizes President Bush's already surging campaign for re-election and pushes the Dow Jones Industrial Average above 12,750 for the first time.

    Democrats cry foul, complaining that the administration had pinned the al Qaeda leader months before and saved his capture for a rainy day. Yet their peacenik candidate loses his key foreign policy rhetorical plank and goes down to a landslide defeat that eclipses past losses by McGovern and Dukakis.
  • U.S. job growth stages a remarkable comeback on the strength of the Iraq rebuilding effort. Employment at Rust Belt steel makers, ore processors, mineral miners, sawmills, machinery makers and oilfield-equipment makers surges as the Bush administration puts tens of billions of taxpayer dollars to work in hammering, nailing and soldering the industrial and social infrastructure of the once-prodigious oil exporter back together.

    By the middle of the spring, the U.S. economy is adding more than 200,000 new jobs per month, and factory-capacity utilization hits a three-year high. Boosting manufacturing is a little-heralded clause of the 2003 tax cuts that allows accelerated amortization of capital-equipment purchases in this year, and businesses ramp up their purchase of all kinds of machinery, from computers and optical switches to looms and backhoes.
  • Congress makes the 2003 tax cuts permanent, frustrating financial bears who complained that this year's fiscal stimulus was a one-time hit of methamphetamine for the U.S. economy and would not be repeated in the future. The most controversial clause of the 2004 tax bill -- permanent elimination of the estate and dividend taxes -- provides a rallying cry for Democrats that the GOP is only looking out for the rich. The Democratic presidential candidate tries to run on a promise to repeal the tax cuts, only to find polls show voters like paying lower taxes for some reason.
  • 1 of 4

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    Only $49.95
    14-Days Free
    14-Days Free
    PWER $0.00 0.00%
    TRFX $0.00 0.00%
    ATI $9.48 0.00%
    MKC $90.34 0.00%
    TGA $1.19 0.00%


    Chart of I:DJI
    DOW 15,660.18 -254.56 -1.60%
    S&P 500 1,829.08 -22.78 -1.23%
    NASDAQ 4,266.8370 -16.7550 -0.39%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs