My friend Doug Kass over at TheStreet.com has some punchy predictions in his list of 20 surprises for 2008. One that caught my eye, however, had to do with tech.
Under the thesis the investor are highly nervous about 2008 profits and will pay up for growth, he thinks that while the S&P 500 will decline 5-10% this year, tech’s three horsemen — Google, RIM, and Apple — will double in 2008 (in part on rapidly escalating short interest).
Go get ‘em, Doug! At the very least, he’ll make my $1,000 forecast for Google stock by the middle of next year a lock.