What’s Your Year End Dow And Second Half Real GDP Forecast?

The Kudlow Caucus

We asked our panel:

What’s Your Year End Dow And Second Half Real GDP Forecast?

Here are the final results from the caucus members (averaged predictions):
Dow 9,400
GDP 1.2%

The Kudlow Caucus Breakdown

Jerry Bowyer

10,500, GDP: 2.5%
Jerry Bowyer Chief Economist, Benchmark Financial Network
During the first half of the year, revenues were flat and costs were dropping, so profit improved. During the second half of the year, revenues will rise slightly and costs will be flat so profit will improve again. 2009 will be the year of the twin calves. Each will likely be worth about a thousand points, hence at 10,000 Dow and a 2.5% GDP growth rate. GNP will be even better.