Education
University of Massachusetts Amherst. The New School.
University of Massachusetts Amherst. The New School.
He was appointed to that position in 2009. Formerly he was the Chief Information Officer of Dover Management Limited Liability Company. He joined the Greenwich, Connecticut based firm in December 2006. Cliggott was a managing director and chief investment strategist at Justice of the Peace Morgan & Company and JPMorgan Chase between September 1996 and February 2002.
Cliggott holds a Bachelor in Economics from the University of Massachusetts Amherst and an Master of Arts from The New School.
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 South&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 United States. Federal Reserve cut short-term rates to just 1.0% and the United States. Congress passed the most aggressive collection of tax cuts in the post war period in an effort to pull the United States. 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 and hosting a weekly radio show on the VoiceAmerica Talk Radio Network"s Channel in 2007-2008 titled "The Economy and the Markets". 2000 National Association of Securities Dealers Automated Quotation Composite estimate 2500 National Association of Securities Dealers Automated Quotation 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.