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Garnry: Seems my Outrageous Prediction wasn’t so outrageous after all!

In his Outrageous Predictions for 2016, Saxo Bank’s Head of Equity Strategy Peter Garnry boldly stated that this could be the year, when the tech bubble would burst. Just a few months into the year and it looks like the prediction wasn’t so outrageous after all.

Saxo Bank’s Outrageous Predictions are meant to provide investors and traders with some food for thought about what could happen in different markets and sectors. As the name suggests, the predictions are not forecasts as such and some never come true.

But in this event, Garnry turned out to be right back in December, when he said that something was about to change in Silicon Valley

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