Five Predictions for 2009

1 . The BRICs (Brazil, Russia, India and China) will have a terrible year. China will compete with the U.S on who has the bigger government-led infrastructure program.

2. Oil will rise again, after hitting rock bottom levels oil will begin to surge again to higher levels.

3. One of the big three auto makers will disappear, most likely GM.

4. The fourth quarter will cough up earnings reports that manage to disappoint rock-bottom expectations. The Dow will plunge and flirt with the 5,000 mark.

5. Gold shoots to $1200 levels on the back of safety haven buying.