Byron Wien, chief investment strategist of $7.3 billion
Pequot Capital, this week issued his list of predictions for
ten investment surprises likely to occur in 2007, a tradition
he has kept up for 22 years.
Among the more notable forecasts, Wein sees the S&P 500
exceeding 1600 and the price of oil rising again to $80 per
barrel. Commodity prices may also continue to soar, he
Wien, whose career on Wall Street spans 40 years, joined
Pequot in 2005 from his post as senior investment strategist at
Morgan Stanley. He explained in his letter, issued by Pequot to
investors, that about half of his predictions have tended to
work out in some way.
"I have had years when seven out of ten were essentially on
target, but I've never done...