Billionaire businessman Steve Forbes is predicting oil will drop to between $35 and $40 a barrel in a year. So, should you trade on this piece of wisdom? Time to consult his predictions for 2005, made at the beginning of this year in Forbes magazine.

The former US presidential candidate predicted: "The Middle East will be tumultuous." Gee, you're really going out on a limb there, Steve, aren't you? He said US growth would be above 4% (unlikely); stocks would rise this year (jury out); the Fed would tighten (true, but hardly rocket science).