The Globe and Mail reports in its Saturday edition that year-end market predictions are not what they used to be -- if they ever were. The Globe's Ian McGugan writes that recession that Wall Street braced for in 2023? Did not happen. That widely expected move away from big tech stocks in 2024? Still waiting. That steady fall in interest rates that many analysts had counted on for 2025? Increasingly in doubt. From 10,000 feet, the dilemma facing active investors in 2025 is clear cut: Stick with what has worked or gamble on a reversal to the mean. For the past decade or more, the winning strategy has been to ride market momentum. Investors have grown rich by betting on big U.S. stocks, especially the Magnificent Seven. It is not clear how much longer that can continue. At today's sky-high valuations, the Magnificent Seven, and U.S. stocks in general, are painfully expensive. It may, therefore, be time for wary investors to consider diversifying into areas that have lagged. Many value stocks look cheap. So do European stocks. The problem is that you could have made the same observation every year since 2015 and been wrong. So will this be the year that markets finally turn? Maybe, but it is far from a sure thing.