MILLBURN, N.J. ( Stockpickr) -- After a year that was accentuated -- or shall I say pockmarked -- by a continual flow of exogenous events such as natural disasters, sovereign debt and budgetary crises and political changes in the Arab world, resulting in a flat S&P 500 index, we head into a fresh new year with a clean slate. 2012 will bring with it a whole new set of economic data points, political dynamics and earnings reports.In this article, I want to focus on a portfolio of stock picks from the S&P 500. Rather than picking a top 10 for the entire index, I want to pick a top stock from each of the 10 S&P 500 sectors. This will provide sector diversity while still allowing me to cherry pick the best for 2012. >>5 Rocket Stocks to Buy for 2012 Consumer Discretionary At the end of September, the Economic Cycle Research Institute, in a well-coordinated and splashy media blitz, declared that the U.S. was tipping back into a recession. As economic data points proved to the contrary, the ECRI quietly did a double take and qualified its call for a recession. I am sorry to say that the ECRI for the first time in its history will have gone down looking at a third strike and will have mistakenly called for a recession. The economy is improving in the U.S., albeit slowly. It also appears that the impact of the European financial crisis will be minimal upon the U.S.
2012 Stock Predictions and Outlook
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