What Will Happen In 2009?

With the curtain closing on 2008, it’s time for me to take out my crystal ball and predict what will happen in 2009.

1- Even with a surge in the polls, due to the Israeli/Hamas conflict, both Ehud Barak and Tzipi Livni will falter badly in the upcoming Israeli elections, paving the way for former PM Benjamin Netanyahu to reclaim the title, Prime Minister.

2- Due to continued falling crude oil prices, Iran civil unrest will lead to an overthrow of Ahmadinejad.

3- The earth will continue to cool, and Obama will have to back off some of his environmentally friendly campaign promises.

4- As cracks form in the European Union and talk heats up whether the Euro will continue to exist as a currency, the US Dollar will make a strong move back to parity against the Euro.

5- US economic growth will rebound much earlier than expected, end of Q1, and we will see GDP growth of over 3% by end of ‘09.

6-S&P 500 (^GSPC) will rebound strongly from a dreadful ‘08, and end ‘09 at 1132.

7- Despite spending the equivalent of a small country’s GDP in free agency, hated New York Yankees will contend with Baltimore for the cellar in the stacked AL East.

8- With many small market NBA teams taking a big financial hit, look for the city of Seattle to regain an NBA team.

9- With multinationals cutting back on R&D, look for the recent wave of Israeli M&A to continue, as they look to acquire technology instead of building it in-house.

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