Douglas Cliggott
Encyclopedia
Douglas "Doug" Cliggott (born 1956) is the U.S. equity strategist at Credit Suisse. He was appointed to that position in 2009. Formerly he was 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 the U.S. office of Swedish
asset management firm Brummer & Partners, a J.P. Morgan client.
Cliggott holds a BA in Economics from the University of Massachusetts Amherst
and an MA from The New School
.
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. Cliggott is also known for predictions he made during the 2004 fiscal year.
NASDAQ Composite
estimate
2500
NASDAQ Composite
close
2471
2001
SPX
estimate
1300.00
SPX
close
1320
2002
DJIA
estimate
8500
DJIA
close
8342
2003
SPX
estimate
1050.00
SPX
close
1110
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
asset management firm Brummer & Partners, a J.P. Morgan client.
Cliggott holds a BA in Economics from the University of Massachusetts Amherst
University of Massachusetts Amherst
The University of Massachusetts Amherst is a public research and land-grant university in Amherst, Massachusetts, United States and the flagship of the University of Massachusetts system...
and an MA from The New School
The New School
The New School is a university in New York City, located mostly in Greenwich Village. From its founding in 1919 by progressive New York academics, and for most of its history, the university was known as the New School for Social Research. Between 1997 and 2005 it was known as New School University...
.
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 500S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
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. Cliggott is also known for predictions he made during the 2004 fiscal year.
Estimates
2000NASDAQ Composite
Nasdaq Composite
The Nasdaq Composite is a stock market index of the common stocks and similar securities listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. ...
estimate
2500
NASDAQ Composite
Nasdaq Composite
The Nasdaq Composite is a stock market index of the common stocks and similar securities listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. ...
close
2471
2001
SPX
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
estimate
1300.00
SPX
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
close
1320
2002
DJIA
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
estimate
8500
DJIA
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
close
8342
2003
SPX
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
estimate
1050.00
SPX
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
close
1110