Byron Wien
Byron Wien
Byron Wienis an American investor and vice chairman of Blackstone Advisory Partners, a subsidiary of The Blackstone Group...
above beginning certainly close decline fall market maybe people popular seen serious severe since slightly stock surprise year
The stock market is going to surprise people right at the beginning of the year -- certainly go above 7,000, maybe to 7,500, ... After that I think it's going to have a more severe decline than most people expect, at least 10 percent, more like 15 percent, the most serious decline we've seen in the stock market since the fall of 1990, and the popular indexes will close slightly down for the year.
announced astray bit bullish committed positive preference promise pull surprises turns year
Don't think I'm copping out. I'm committed to the positive set and if the year turns out negatively, I promise not to pull out the bearish surprises and say I had the right idea all along, but just went a little bit astray when I announced my bullish preference in January.
analytical deciding harder people places stocks taking
People are taking a much harder analytical look at these stocks and are deciding that there are better places to make money.
attacks christmas enjoy feeling highest popularity president rating since surprise
My feeling is that these attacks on him are going to subside by the (end of the year), and my surprise is that the Clintons will enjoy Christmas 1997 with the highest popularity rating of any president since the 1950's,
days earnings feeling good line market next percent performance returns settling year
We are going to have another good year next year, but my feeling is that the days of 15 to 20 percent or even better returns are over. So we are settling back to where the performance in the market is going to be more in line with earnings growth.