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"Never make predictions, especially about the future."
-- Casey Stengel.
In late December in each of the past five years, I have taken a page from former Morgan Stanley strategist Byron Wien -- and now the chief investment strategist at Pequot Capital Management -- and prepared a list of possible surprises for the coming year.
These are not intended to be predictions but rather events that have a reasonable chance of occurring despite the general perception that the odds are very long. I call these "possible improbable" events. ...
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