... predictions ... just don't quote me on it.

The market has reached the halfway point in what will ultimately be termed "The 21st Century Correction."

I am sticking with the original predictions I made (albeit to myself) about a year ago. Between now and the 2nd quarter of 2010 the DOW will break through 5,000 and find resistance just slightly above 4,000. From here we will slowly start to recoup our losses.

Market volatility will remain high for at least the next couple of years... So trade with confidence, conviction and without your ego (easier said than done).

Long term, the biggest winners will be companies like Netflix and Intel but I am certain that a lot of other buying oportunities exist with smaller companies sporting clean balance sheets.

With this said, I believe that most traders will be safer on the sidelines until the second half of 2010.

Oil companies, gold and China are clear favorites right now.

Disclaimer: I am not a professional trader nor an economist. I am merely an artist living in Los Angeles with a strange affinity towards news, politics and stock picking. Please do not take my suggestions seriously, for you will find that you are much better off formulating your own opinions and strategies based on the collective information that you discover and absorb for yourself. And hey, if you have any thoughts or comments about these market predictions I would love to hear about them!

Until next time, keep your eyes open and your head up.

John Goes to the Beach

A trip down to the world famous Santa Monica pier turns into a time of deep reflection for friend and confidant John Francis Conway.