Well, here's the bottom line, as I see it.
Obviously no one knows for sure, but I'm going to stick my neck out and say that I think we're going to have a pretty good stock year barring natural disasters.
I think Nasdaq is overdue to outperform, and that's what it's going to do this year. Nasdaq isn't even 1/2 of it's high.
While that 5000 high came from a tech bubble, the tech industry in the last 7 years has been year over year increasing sales, innovating, and selling... yet valuations are still 1/2 of those bubble years from buyers fears.
Given that last year, the S&P and DOW both hit new highs, it's not unreasonable to expect Nasdaq to finally begin to catch up.
I still think it will be a bumpy year, but what's new about that.
There's what I think in a nutshell. As for the rest of the indices, I don't think they have as much potential for explosive growth, they'll bounce around, but I don't see them finishing 2007 down either.
Right now, I have no clue what the market's going to do, there's just too many mixed signals (and no, I don't think the signal is for a 2000 style bad year). As I said, I'm still waiting for a solid correction... which may not come for months. If it doesn't, I'll enter before the correction and cover my bets. No biggie.
What exactly are you guys saying? I mean the nuts and bolts of it? You think the market's due for negative gains this year? I mean be specific.
