Thursday, December 28, 2006

First half 2007 Prediction

Well, I was going to wait a couple more days to post my view of the market's future path. However, when a title like "Dow Falls 9 After Upbeat Economic Data" made it to the top of the Yahoo! Finance news pile, I couldn't resist. Isn't this the same thing that happened with the pessimism at the beginning of last summer? Every time there was good economic news, the market would stumble. That is, until Bernanke stopped raising rates and everyone realized that the economy would be okay. Well, the economy will be okay whether or not Bernanke lowers rates next year. As soon as the market figures that out, the market will take off again. My prediction Dow +10% in the first half of 2007.

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