Word: rightfully
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...good illustration of that: right now there are two main schools of thought on the direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees the Federal Reserve keeping interest rates low, credit rushing back in to households and small businesses, consumer demand taking off, employment rebounding and the S&P 500 rising 18%. (See the top stocks of the decade...
...these outlooks is going to be proven wildly wrong. So then why venture such big, bold guesses at the future in the first place? Well, because one forecast might be close enough to right to pay off handsomely. "A lot of unexpected things happen each year, and you can make a lot of money as long as you get some of them right," says Byron Wien, a Blackstone Group vice chairman who puts out an annual list of ten surprises for the following year. "If you cut your losses on what you get wrong and let your winners runs...
...business, but there's this time in December or January when you put it on paper," says Bob Doll, BlackRock's chief investment officer of global equities, another strategist known for his annual predictions. "It gives you something to point back to and say, What did I get right and wrong and what did I learn from...
...first Friday in December, the Bureau of Labor Statistics (BLS) reported that the unemployment rate had fallen to 10% in November from 10.2% the month before. Hooray! Headlines heralded the unexpected drop. Stock prices surged. Enthused White House press secretary Robert Gibbs: "We're moving in the right direction...
...threats posed to the institution by a broad spectrum of foes. Henry Ford blamed Jews for the efforts to remove religious displays from public schools; in the McCarthy era, the John Birch Society saw the holiday as the target of a vast communist conspiracy. Since the 1990s, a right-wing website has held an annual competition for the most egregious example of secularization. (Villains include the Department of Housing and Urban Development, which christened its year-end party "A Celebration of Holiday Traditions.") But it was really during this decade that the Yule Wars caught fire. Fox News host John...