It's been six months since my "4 Predictions for 2009" column, so I figure a halftime show is in order.
After all, if I go out on a limb, it's not just for sport. I expect to be fully accountable. Just half of my 2008 predictions materialized, and I had no problem pointing out where I went wrong.
My crystal ball has been a lot clearer in 2009. Let's go over the four prognostications.
1. Yahoo! will trade higher in 2009
The world was crumbling around Yahoo!
They finally got it this year. Carol Bartz came over in mid-January, bringing the grit and backbone that was missing from Yahoo!'s former chieftains. She has gone on to talk tough and make even tougher decisions.
Wall Street likes what it sees. Citigroup became the latest firm to upgrade the new-media giant yesterday. The end result is that Yahoo! shares are trading 34% higher than they were when they closed out 2008 at $12.20.
2. Sirius XM won't file for bankruptcy
There weren't a lot of believers in Sirius XM Radio
However, I wasn't the only one who didn't see bankruptcy in the company's near-term future. A February poll found just 25% of our Foolish readers banking on a Chapter 11 bankruptcy reorganization filing by the satellite radio operator.
It was around that time that EchoStar's
Perhaps most importantly for my 2009 prediction, most of its debt repayment obligations for this year are now spoken for. The company isn't out of the woods entirely, but any bankruptcy filing is now a year or two away, in my opinion.
3. Tech will lead the market recovery
"It will be companies like Apple
So far, so good. Apple and Google are up 59% and 35%, respectively, this year. The tech-stocked Nasdaq is also besting the other market averages. The Nasdaq Composite is trading 15% higher, year to date. It's way better than the 2% gain for the S&P 500 and the 2% decline for the Dow Jones Industrial Average.
4. Chinese stocks will outperform stateside equities
I shouldn't do any victory dances at halftime, but it appears as if I'm four-for-four so far. China's been on a roll this year. The Hang Seng Index is up 28% in 2009.
This can always change, of course. Chinese equities can be volatile. However, when you peek over at the 2% gain in the S&P 500 after the kind of roller-coaster year that stateside stocks have had, having a little exposure to China's equities is something that risk-tolerant growth investors should consider, if they haven't already.
Well played, crystal ball. Now let's get back out there, because there is another half to play.
Other ways to reflect on the past and the future:
Longtime Fool contributor Rick Munarriz doesn't mind taking out the crystal ball from time to time, if only to dust it for fingerprints. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.
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