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Fox's Gary B. Smith Predicted that the Dow Would be Above 13,000 as of Yesterday

Reported by Melanie - January 1, 2009 -

On July 1, 2008, a giddy Alexis Glick announced that Fox financial guy Gary B. Smith's prediction was that the Dow would "be above 13,000 by the end the year." Above 13,000? Yesterday - as in the end of the year (December 31, 2008) - the Dow closed at 8,776.39.

Comment: Would you trust your money with a guy who got it so wrong? Me neither. Yet another reason not to watch Fox, ahem, "business news."

Here's video: