Dan Weiss

8 Predictions for 2008

I appreciate everyone's comments in regards to my predictions for 2008. As everyone knows, these are simply predictions in my many years of experience when everyone thinks the same (i.e. there will be a death spiral in financials, international stocks will outperform forever, etc.) the opposite is very likely to happen. Financials have taken it on the chin this year and in my opinion are already pricing in a large amount of bad news which in all honesty will likely happen in the first quarter of 2008. My expectation is that with a proactive Fed injecting money into the system as well as significant foreign investment financials will be a leading sector over the next year. I would say that the most uncertain of these predictions in my opinion is a housing bottom in the middle of the year but I am standing by this prediction. Keep in mind that the prediction is only stating that the housing market will stabilize not that it will all of a sudden completely reverse course and turn higher.