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The yearly preview issue of Business Week is on the standsnow, and of course it's bullish bullish bullish.http://www.businessweek.comClose observers will notice one feature is missing this year... the annual roundup of "expert" predictions for how the markets will do in 2002.I think I know why that feature is missing :) Here's a repostof last years predictions. They were stunningly, abysmally, embarrassingly wrong:======================================Predictions for 12/31/01, from 12/23/00 Business Week Dow SP500 Nasdaq CLARE ZEMPEL R.W. Baird 13750 1825 3850 GEORGE EGAN Spencer Trask 13500 1750 3500 ROBERT ROBBINS Robinson-Humphrey 13250 1674 3099 LASZLO BIRINYI Deutsche Bank 13050 1600 3450 JAMES WEISS State St Research 12920 1710 3290 PHILIP ORLANDO Valueline 12880 1630 4500 ROBERT GOODMAN Putnam Inv 12750 1580 4600 STUART FREEMAN A.G. Edwards 12700 1700 4000 JOE BATTIPAGLIA Gruntal 12700 1650 4300 ELAINE GARZARELLI Garzarelli Cap 12700 1635 - JOHN LYNCH IJL Wachovia 12500 1700 4000 SUBODH KUMAR CIBC World Markets 12500 1625 4300 EUGENIA SIMPSON Kirkpatrick Pettis 12250 1550 3500 RICHARD SICHEL Philadelphia Trust 12165 1560 3400 JAMES MEYER Janney Montgomery Scott 12100 1550 3750 ALLAN RONESS JW Genesis 12100 1470 3625 NOEL DeDORA Fremont Inv Grp 12060 1550 4000 DAVID HENWOOD Raymond James 12000 1550 4200 HUGH JOHNSON First Albany 12000 1530 3700 DAVID KATZ Matrix Advisors 11900 1515 3340 INVESTMENT TEAM Jurika & Voyles 12000 1475 3100 BARRY HYMAN Weatherly Secs 11877 1525 3875 JOHN SHAUGNESSY Advest Inc 11800 1540 3250 JOSEPH BARTHEL Fahnestock 11800 1520 4000 BERNIE SCHAEFFER Schaeffers Res 11750 1500 3250 STEVEN FRENKEL Ladenburg Thalmond 11700 1589 4480 THOMAS McMANUS B of A Secs 11500 1525 3000 MARSHALL ACUFF SSB 11500 1500 3200 CHARLES PRADILLA SG Cowen 11500 1495 3850 RICHARD JANDRAIN BancOne 11500 1470 3050 GREG SMITH Prudential 11500 1450 3300 ROGER DeBARD iGlobal Capital 11495 1483 3197 THOMAS MADDDEN Federated Inv 11000 1450 4000 DOUGLAS CLIGGOT J.P. Morgan 11000 1400 2500 CHARLIE CRANE Spears Benzak 10750 1400 3150 GEORGE JACOBSEN TSB&J 8100 1000 1800 JEFFREY APPLEGATE Lehman Bros - 1800 - EDWARD KERSHNER UBS Warburg - 1715 - ===========================================================AVERAGES 12015 1558 358312/28/01 ACTUAL 10137 1161 1987% ERROR IN PREDICTIONS 18% 34% 80%
