Ticker Sense Financial Blogger Outlook

Ticker Sense started to publish the results of the first annual survey of financial bloggers they consider to be “the web’s best.” Because I participate in their weekly market sentiment poll and I have a very high regard for their work, I thought I’d give Ticker Sense a quick plug and give you a brief explanation. If you look over their posts on the 2007 outlook, you might notice that I am mentioned as a participant but curiously, my responses are missing from the highlighted charts. It’s not a mistake on their part - I just abstained from all but two questions (my favorite investing book and my opinion of the importance of financial bloggers.) Those were the only two I knew the answers to! You see, I really don’t believe in forecasts for the S&P 500 a year from now, or the price targets for gold or oil in December 2007, etc. I know a lot of people like this stuff but I often rip on the absurdity of these pursuits so it should come as no surprise that I did not submit any guesses. I have a pretty good feeling for the general direction of the market over an indefinite time period (see the HEDGEfolios Timing Indicator) but I really don’t have a clue as to a specific price one year from now. I also cannot tell you which sectors will do better than others in 2007 or whether Large Caps will outperform Small Caps or whether Value is a better bet than Growth. Other than my commentary in this section, the database portion of HEDGEfolios gives you the ability to find stocks that meet your criteria and suggests entry and exit points for over 3000 stocks and ETFs. Those two things will help you build and manage your portfolio in up or down markets. I am not sure how you can make money from reading financial guesses but I know it’s enjoyable for a lot of investors. If that applies to you, please click on the link to Birinyi’s Ticker Sense.