11 worst predictions of 2012

Treasuries rise
bob doll blackrock

What got bond guru Bill Gross into trouble last year was the prediction that investors would tire of puny Treasury yields and flee the ultra-safe securities. This year it was Bob Doll's turn to make the losing bet. The former BlackRock strategist always publishes his list of 10 predictions for the next year, so it's easy to pick on him. But his bet against Treasuries represents a notable mistake.

Consider that in the beginning of January, the 10-year Treasury yielded 1.97%. Twelve months later the rate has fallen to 1.84% after dipping as low as 1.59% earlier in December. There was plenty to keep rates driving lower: spooked investors, the fiscal cliff, and the Fed's Operation Twist policy that is supposed to stoke the economy with low rates. Doll might recall a market truism: you can't fight the Fed.


  @FortuneMagazine - Last updated December 21 2012 07:02 AM ET
Join the Conversation
Fortune 500: Top-performing stocks of 2012

It's been a strong year for stocks, and these ten Fortune 500 companies have outshined the broader market. Nearly all of them have doubled. From Bank of America to Whirlpool, here are the biggest winners.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.