Bloomberg – There is an old joke that economists only make predictions so that the weather guys have someone to laugh at. In much the same spirit, once a year this column also makes some predictions — but only so the economists have something to giggle over.
With that caveat in mind, here are 10 things that might (or as likely not) happen in 2011:
No. 1. The bull market returns. Actually we’ve already been in a bull market for more than a year. Just take a look at the figures. But in the early stages of a rising equity cycle, no one says it’s a bull market. First they call it a dead-cat bounce. Then they call it a bear-market rally. By the end of 2011, the penny will have dropped. We’ll be officially back in bull territory. By the close of the year, everyone will have started piling back into equities again.
