This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What Else to Expect in 2014

But where is the flood of money into venture capital firms to invest in the next big thing? Where are the crazy initial public offerings of and Webvan? Where are your cab drivers telling you how much money they just made on bitcoin? Where are the house flippers buying up four or five condos in Naples, Florida?

We aren't there yet. In fact, we really aren't even close yet.

On the continuum of fear and greed, we're probably only still in the middle. I think we're greedier as a society than we were a year ago but we were much more fearful last year. Last year I asked 60 people I really respect to send me their estimates for the S&P 500 for the coming year. The average estimate was 1,500. There was only one crazy guy who predicted 1,800 and even he was too conservative. (My guess was 1,700.)

My point is that we were way too conservative last year with the healing process that the economy is going through.

A couple of other quick thoughts.

Must Read: Biglari Will Have to Settle for Cracker Barrel Crumbs

Yahoo!'s (YHOO) not dead yet. A year ago, most people were saying the "easy money had been made" in Yahoo! when it was at $20. It's now close to $41, and again we're hearing people complain the core business is worth next to nothing.

I've been banging the drum on Yahoo! for three years now, to the point where I had people emailing me and telling me not to write about it so much because "nobody cared."

I don't think the run is done in Yahoo!. Of course, we'll have the Alibaba IPO but most people aren't counting on their Japanese yen hedge paying out a lot this year, a possible cash-rich split and big stock buybacks. If all those happen, there's a chance Yahoo! could go to over $60 in 2014.

Also, I don't think the run in AOL (AOL) is over. People hated this stock at $10 a few years ago. Now it's close to $46. The company will continue to grow operating income before depreciation and amortization this year, even with all the social media stocks growing. I think it will be a very strong year for AOL coming up.

At the time of publication the author had was long AOL and YHOO.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Eric Jackson is founder and Managing Member of Ironfire Capital and the general partner and investment manager of Ironfire Capital US Fund LP and Ironfire Capital International Fund, Ltd. In January 2007, Jackson started the world's first Internet-based campaign to increase shareholder value at Yahoo!, leading to a change in CEOs in 2007. He also spoke out in favor of Yahoo!'s accepting Microsoft's buyout offer in 2008. Global Proxy Watch named Jackson as one of its 10 "Stars" who positively influenced international corporate governance and shareowner value in 2007.

Prior to founding Ironfire Capital, Jackson was President and CEO of Jackson Leadership Systems, Inc., a leadership, strategy, and governance consulting firm. He completed his Ph.D. in the Management Department at the Columbia University Graduate School of Business in New York, with a specialization in Strategic Management and Corporate Governance, and holds a B.A. from McGill University.

He was previously Vice President of Strategy and Business Development at VoiceGenie Technologies, a software firm now owned by Alcatel-Lucent. In 2004, Jackson founded the Young Patrons' Circle at the Royal Ontario Museum in Toronto, which is now the second-largest social and philanthropic group of its kind in North America, raising $500,000 annually for the museum. You can follow Jackson on Twitter at or @ericjackson.

You can contact Eric by emailing him at
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs