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Friday, July 29, 2016
More predictionsPosted Wednesday, November 7, 2012, at 9:33 AM
When clients ask me to predict the outcome of their case, I routinely tell them that I am not an odds maker in Las Vegas and my crystal ball is broken.
Well, apparently my crystal ball is still broken.
Or alternatively, is 180-degrees out of phase.
So now, what does the future hold?
My crystal ball is even murkier on that one.
Second term presidents seem to be plagued with scandals.
I don't know whether President Obama will be, but it's kind of an American tradition.
Just as Christmas now starts with retailers before Halloween, the first signs of campaign 2016 will likely be spotted sometime this spring. It seems that nothing is sacred anymore.
The Federal Reserve is likely to continue printing more new dollars.
Sooner or later, there will have to be inflation at the retail level across the board.
Generally speaking, the stock market tends to go up with inflation.
People much smarter than me think it will continue to rise. Personally, I don't see the fundamentals justifying its current level.
I have been expecting the stock market to stagnate until inflation brings down P/E ratios or make a downward correction until the market P/E gets in proximity to 12.
For Richard Mourdock, defeat tastes a lot like a pair of old size 11 sneakers.
While I was correct that deposing Senator Lugar would improve Joe Donnelly's chances of winning, until he caught the case of hoof 'n' mouth disease, Richard Mourdock looked like a shoe-in.
Chief Justice of the Supreme Court John Roberts will probably be scratched off a lot of Republican Christmas card and party lists.
He may have gained some new Democratic friends, but perhaps most likely, he will be viewed with suspicion on both sides.
As Vice President Joe Biden will undoubtedly continue speaking in public, Dan Quayle will continue to be the happiest man in America while evidence will continue to mount that he is no longer the most gaffe prone VP in American history.
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