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My prediction for 2007 is that the stock market will have some notable declines as well as some impressive rallies. I have no idea where it will end up a year from now and believe it is likely to hurt your performance if you even contemplate the issue.
Predictions make you lazy. They allow you to stop thinking and to sit and hope and pray that the future plays out the way you hope. Why would anyone think they can read the future? The only thing we know for sure about the market in the year ahead is that there will be a number of surprises and unexpected events that no one could possible anticipate. Even if you do get lucky and guess what might happen, you still have to figure out how the market will react. Perhaps you think the economy will roar as energy prices fall and the housing market stabilizes. Does that mean the market goes straight up? So let the pessimists wallow in their gloom and let the optimists be perpetually positive. They will both be right at times, but the big winners in the stock market will be those who keep their minds open, pay attention to what is in front of them and enjoy the ride.
James "Rev Shark" DePorre is the founder and CEO of Shark Asset Management, an SEC-registered investment advisory firm. He also operates sharkinvesting.com, an interactive online community that serves and educates active investors. DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children.Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here to send him an email.
Brokerage Partners
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