Every year, Saxo Bank takes a look into its crystal ball, a slightly clouded
one perhaps, and comes up with a list of 10 outrageous predictions for the
following year.
This one is no exception. And some of its outrageous predictions have indeed
come true in the past.
Although the Danish online investment bank does admit these events are
unlikely to take place, it feels they are still far more likely to happen than
the market appreciates.
"Our Outrageous Predictions have been prepared in the spirit of encouraging
investors to think outside the box and prepare for world-altering events," said
Steen Jakobsen, chief economist at Saxo Bank. "Should some of the predictions
come to pass, it would make 2012 a year of tremendous change."
1. Stock of Apple Inc (APPL) halves in value from the 2011 high as it struggles to maintain 55% market share given multiple competitors.
2. The bank suggests the
EU Treaty changes are insufficient to prevent the debt crisis returning with a
vengeance by mid-year--hardly unpredictable--but this prompts EU politicians to
call an extended bank holiday, closing all exchanges and banks for a week, to
cope with the hefty losses on the stock markets.