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Scaramucci’s Top 5 Surprise Predictions for 2012
Producer
With two trading days left in the year, “Fast Money” pro Anthony Scaramucci shared his 2012 predictions on Europe, gold, the U.S. dollar, Iran and Occupy Wall Street.
1. Fiscal Unity, QE3 in Europe, Stocks Rally 20 Percent
“I believe there will be some form of fiscal unity as it relates to Europe, and they will take concrete steps to improve the euro situation,” he said. “However, the economy is still going to soften, and you’ll see QE3 and expect the U.S. stock market to rally 20 percent.”
2. Dollar Strength on Wyden-Ryan Medicare Plan
“I actually think these guys coming together in an election year, they will formulate something that will improve our situation as it relates to entitlement reform,” he said.
3. Gold Drops 30 Percent
“Because of the strength of the dollar, the gold bugs are going to be sprayed by U.S. dollar roach spray, and I expect that metal to be down 30 percent next year.”
4. Iran Government Toppled
Scaramucci called this a wild card. “I think President Obama will threaten to put boots on the ground in Iran, and I think that will force that government to topple, so it’ll be an interesting year from a foreign policy perspective,” he said. “Look for a Persian Spring in 2012.”
5. Occupy Wall Street, The Musical
Scaramucci joked that it would win a Tony Award.
“It’s going to be an interesting year,” he said.
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Trader disclosure: On Dec. 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Kelly is long KRE; Kelly is long IWM; Kelly is long US T-bonds; Kelly is short the Yen; Kelly is short the Swiss Franc; Kelly is short UBS; Kelly is short CS; Weiss is long QCOM; Weiss is long GM; Weiss is long WLP; Weiss is long AAPL calls; Karabell owns shares of APPLE (AAPL); Karabell owns shares of CATERPILLAR (CAT); Najarian is long AAPL; Najarian is long C; Najarian is long INTC; Najarian is long MOS; Najarian is long YHOO; Najarian is long WFC;
Ron Insana
No disclosures
Jim Rogers
Rogers owns gold
Rogers owns silver
Nick Pope
Dahlman Rose & Company, LLC has not provided investment banking services to Energy XXI in the past 12 months. It intends to seek to be a financial advisor or to engage in investment banking services with the subject company and may receive compensation for such services during the three months following publication of this report. As a result, investors should be aware that the firm might have a conflict of interest in the future that could affect the objectivity of this report.
Dahlman Rose & Company, LLC makes a market in the securities of Energy XXI.
Dahlman Rose & Company intends to seek to be a financial advisor or to engage in investment banking services with McMoRan Exploration and may receive compensation for such services. As a result, investors should be aware that the firm might have a conflict of interest in the future that could affect the objectivity of this report.
Dahlman Rose & Company, LLC intends to seek to be a financial advisor or to engage in investment banking services with Rosetta Resources and may receive compensation for such services during the three months following publication of this report. As a result, investors should be aware that the firm might have a conflict of interest in the future that could affect the objectivity of this report.
Dahlman Rose & Company, LLC makes a market in the securities of Rosetta Resources, Inc..
Shaw Wu
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The Sterne Agee analyst who has active coverage on this company owns a position in the subject company.
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