Since 2017, I’ve made it a point to end each year on MarketWatch by recapping my predictions and investment advice. And perhaps unsurprisingly, the most amusing part for folks is observing at how off-target some of those calls were.
Doubting the COVID rebound: I was very reluctant to trust the quick snap-back for markets in March and April, particularly given early predictions that the pandemic could suck $1 trillion out of the global economy. But I made the mistake of thinking about the implications for regular folks and small businesses — not the stock market.
Betting against bitcoin: In February, I warned that bitcoin was having a moment but could run out of gas and disappoint supporters yet again in 2020. But the cryptocurrency BTCUSD, +0.30% continued to outperform traditional financial assets in 2020, roughly doubling to $20,000 since my column. But a historic 10-million-barrel-per-day cut a month later coupled with normalizing demand propped up oil prices, and oil is back in the high-$40 range — with analysts at Goldman Sachs predicting crude could hit $65 next year. I gave up on oil stocks, however, and among the picks I specifically warned against was Halliburton, which has surged 50% since I advised against the stock in June.
Maybe you have talent in other things
Wish I too would have bough more bitcoin when it went under 5 earlier this year. Didn’t see the rebound coming this quickly, at all. But Tesla saved my ass this year.
horrible
horrible