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Douglas "Doug" Cliggott (1956-) is the CIO of Dover Management LLC. He joined the Greenwich, CT based firm in December 2006. Cliggott was a managing director and chief investment strategist at J.P. Morgan & Company and JPMorgan Chase between September 1996 and February 2002. In 2002 he left JP Morgan to head up the U.S. office of Sweden asset management firm Brummer & Partners, a J.P. Morgan client.

Cliggott holds a BA in Economics from the University of Massachusetts at Amherst and an MA from The New School for Social Research.http://www.newschool.edu/annualreport/0405_annual_report.pdf

Business He made a name for himself in early 2000, when he correctly predicted that the year would be the roughest one for stocks since 1994. He then correctly predicted the downturn in 2001 and 2002. In 2003, he originally estimated the S&P 500 would end the year at 750. But at the end of May 2003, he revised his target up to 1050 2003 after the U.S. Federal Reserve cut short-term rates to just 1.0% and the U.S. Congress passed the most aggressive collection of tax cuts in the post war period in an effort to pull the U.S. economy out of its economic slump. The index closed the year close to 1,100.

Estimates 2000NASDAQ Composite estimate2500NASDAQ Composite close2471

2001SPX estimate1300.00SPX close1320

2002DJIA estimate8500DJIA close8342

2003SPX estimate1050.00SPX close1110

References

External links

Douglas "Doug" Cliggott (1956-) is the CIO of Dover Management LLC. He joined the Greenwich, CT based firm in December 2006. Cliggott was a managing director and chief investment strategist at J.P. Morgan & Company and JPMorgan Chase between September 1996 and February 2002. In 2002 he left JP Morgan to head up the U.S. office of Sweden asset management firm Brummer & Partners, a J.P. Morgan client.

Cliggott holds a BA in Economics from the University of Massachusetts at Amherst and an MA from The New School for Social Research.http://www.newschool.edu/annualreport/0405_annual_report.pdf

Business He made a name for himself in early 2000, when he correctly predicted that the year would be the roughest one for stocks since 1994. He then correctly predicted the downturn in 2001 and 2002. In 2003, he originally estimated the S&P 500 would end the year at 750. But at the end of May 2003, he revised his target up to 1050 2003 after the U.S. Federal Reserve cut short-term rates to just 1.0% and the U.S. Congress passed the most aggressive collection of tax cuts in the post war period in an effort to pull the U.S. economy out of its economic slump. The index closed the year close to 1,100.

Estimates 2000NASDAQ Composite estimate2500NASDAQ Composite close2471

2001SPX estimate1300.00SPX close1320

2002DJIA estimate8500DJIA close8342

2003SPX estimate1050.00SPX close1110

References

External links



 

Douglas Cliggott



 
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