The Big Picture

Here are some educated guesses about longer term trends in markets that interest me.

S&P - Headed for 1350 by the end of 2005, then down 20-25% in 2006.

Bonds - up into 120-122 range over the next few months then down to 105 by late 2006.

10 Year Notes - up to 116 over the next few months then down to 104 by late 2006.

3-month Eurodollars - will reach 4.85% by the end of 2006.

Gold - up to 510 before the bull market ends.

Crude Oil - I was looking for the big top in the $60-63 range and I think it has occurred. Down to $ 27 over the next two years.

US Dollar index- up to 100 over the next year and to 121 by 2010

Eurocurrency - Should rally to 125-126 then down to 107 over the next year and to 80 by 2010

Google - up to 376 by the end of 2005

IBM - up to 108 by the end of 2005

Microsoft - up to 42 by the end of 2005

CME - up to 411 by the end of 2005

Sears Holdings - up to 250 by the end of 2005