Two Financial Predictions: Gloom to Zoom

Do you feel lucky this year? If so, you might want to bet on the optimistic side of the theoretical coin toss that the strategy team at BlackRock Investment Institute proposed in their investment outlook analysis, “The Year of Living Divergently.” On the one hand – let’s call it tails – there’s what BlackRock dubs the Nemesis scenario. It’s kind of like an investment nuclear winter. Named after the Greek goddess who seeks revenge on those who are afflicted by the mortal sin of hubris, or excessive pride, it projects the ripple effects from a European financial meltdown spreading and setting off tsunami-type waves that swamp other national economies worldwide, including that of China.