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Each year, BusinessWeek publishes its Fearless Forecasts of what is in store for the year to come from a number of Wall Street strategists. With year-end closing in, below we highlight how the forecasts have shaped up thus far. At the end of '06, the consensus year-end '07 estimate for the Dow from the Fearless Forecasters was 13,154.38. This average meant strategists were looking for a gain of 5.55%. Currently, the Dow is up 6.92% at 13,325. The consensus year-end '07 estimate for the S&P 500 was 1,501.29 [a gain of 5.85% on the year]. The S&P 500 is currently at 1,482, so it has a little further to go to catch up to the average.

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The Fearless Forecasters have done a pretty good job so far on their individual stock picks. Of the 50 stocks that were recommended, 32 are up on the year for an average gain of 20.59%. Mosaic (NYSE:MOS) is up the most at 216%, followed by China Mobile (NYSE:CHL) up 112%, Apple (NASDAQ:AAPL) 102.79%, MasterCard (NYSE:MA) 92.69%, Apollo (NASDAQ:APOL) 86.66% and Monsanto (NYSE:MON) at 81.99%. Lennar (NYSE:LEN), Home Solutions (HSOA), NutraCea (NTRZ) and Daktronics (NASDAQ:DAKT) have been the worst performing recommendations.

Source: Tracking BusinessWeek's Fearless Forecasters