It happens every year. The so-called experts publish their predictions on what the stock market will do in the upcoming year. Many people tune in to listen and potentially use these flawed estimates to tweak their investment portfolios. The problem is that most of these prognostications are usually wrong. In my opinion, trying to predict the future direction of the stock market is a waste of time. Markets are designed to be unpredictable. You are better off focusing on building an investment portfolio that will allow you to sleep well at night regardless of short-term market movement. Check out this great commentary for more on the annual ritual of predicting the stock market.