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Make some finance predictions for 2003. Be as specific as possible. Entries judged on accuracy and degree of difficulty.
1. The Real Estate Bubble Pops - We enter a bear market in real estate with prices dropping for the next 5 years. 5 REITS go bankrupt in 2003 2. Wall Street discovers the revolution in nursing home/assisted living. THis is already a $100B a year business and set for huge growth. The two biggest players in this market share about $5B in sales but have a combined market cap of just $600M due to concerns about tort liability. KIND and BEV trade above 35, and 6, respectively at some point. 3. Ebay wakes up from their dream. Last vestige of the tech bubble disintegrates and Ebay shares trade below $20 before year end. 4. Govt stimulates the economy by creating an incentive for paying stock dividends. Also restricts the rights of companies to "horde" cash. Microsoft announces a $5 dividend 5. Ford Motor Credit and GMAC are downgraded to junk and rental car leasing in America ends for all intents and purposes. Plans are put in place for a derivatives market based on the price of used cars and car leasing resumes. |
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