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December 29, 2008

Kass Surprises for 2009

My friend Doug Kass has out his always-entertaining list of possible surprises for the coming year. Here are some highlights from the 2009 edition:

1.  The Russian mafia and Russian oligarchs are found to be large investors with Madoff.

2. Housing stabilizes sooner than expected.

3. The nation's commercial real estate markets experience only a shallow pricing downturn in the first half of 2009.

4. The U.S. economy stabilizes sooner than expected.

5. The U.S. stock market rises by close to 20% in the year's first half.

6. A second quarter "growth scare" bursts the bubble in the government bond market.

17. A handful of sports franchises file bankruptcy.

18. The Fox Business Network closes.

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