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.

Byron Wien

Related Quotes

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,

This is a normal pullback,

I am doing this because I think a strong case can be made for either set and because I think it is constructive to try something new,

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.

People are taking a much harder analytical look at these stocks and are deciding that there are better places to make money.