For the first part of our survey, we focus on consensus equity market views. Below is a table listing 2007 year-end S&P 500, DJIA, and Nasdaq price targets from each of our participants. As shown, the averages forecast a change of 2.39% for the S&P 500, 2.20% for the Dow, and 3.47% for the Nasdaq. The most bullish blogger on the S&P 500 is Bill a.k.a. NO DooDahs followed closely by Information Arbitrage. The most bearish is TraderTim and Mish's Global Economic Analysis.
When asked about specific sector performance in '07, bloggers clearly favored technology, energy, and health care and opposed consumer discretionary, utilities, and telecom.
We also asked financial bloggers whether large cap or small caps would outperform in '07 and if growth or value stocks were more attractive. From our poll results, large cap growth is favored the most.
In the next part of our Outlook, we will take a look at individual stock picks.