Remember his previous predictions of stocks falling to a major low due Christmas Eve? Christmas has since passed, and he had updated his predictions:
- S&P peak at 1480 at end Jan 2011 in best case scenario
- He will sell his position if the SPX goes below 1248, or by January 25, whichever occurs first
- Germany & US will be the equity markets of choice during 2011, while emerging markets are to be avoided
- Stock Picks
- Bank of America - Potential target $14.70
- Baidu - Potential target $120
- ExxonMobile
- Occidental Petroleum - Potential target another 10%
Past References:
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