2010 Outlook

Happy New year!!  first all, wish you and all your family a healthy and prosperous 2010. 

 

The holiday season is over and before the first work day of the new year starts, let me give my outlook of the 2010.  Don’t take it too seriously, just for fun…

 

1.  USD rebound will be the theme of the year.  EUR/EUR Target 1.2 at least, current level is 1.43

 

2.  Stock market will retest 666 low.  current level 1115

 

3. GOLD will see 800 area first before making new high.  current level 1103.  (I am not a big GOLD fun, but I may load some GOLD related ETFs when 800 area touched.)

 

4. OIL may touch 100 area again in 2010, but after that, it will retest the 30s low.  Another choice is that it will go south from here directly.

 

5. BRICs will keep outperforming the Western world.  China will slow down its growth a little bit.  SSEC will visit 2000 area again, but will not make new low.   current level 3200.

 

6. More banks will fall this year and commercial credit default will play out.