Tuesday, December 26, 2006

Here's the Kind of Outlook for 2007 I Can Relate To

Bloomberg.com: Exclusive

There are plenty of people writing about how they think the market will do this or do that, usually with a significant negative bias in evidence. Some of these people are captivated by an economic theme and cannot let go of it, and some of them have staked their or their clients' portfolios on a market-neutral approach and seem to be trying to "talk the market down". Some actually present a scenario of a recession followed by a more attractive market later in 2007.

Some writers, professing belief in the expertise of market gurus, still are writing about feeling nervous because so many of the gurus are positive.

Count me as an investor and advisor, not a guru, with an appropriate asset allocation, globally-diversified, in place, and a pragmatic but positive outlook. Like most years, 2007 will be a good year to be well invested, that's what it will be.

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