Not one year in the past 1,000 has elapsed without surprises for investors, here are 4 unexpected events that will occur in 2007

Another Bull market, year 5 historians will tell you that the current bull market, which began in October 2002, is now one of the longest in history. That leads bears, who have shorted the market at a record pace, to guess it is bound to fall apart in its fifth year. However, you need to realize that the current bull has been the weakest in history. A slow, steady gain is not a bad thing; you can go farther walking than running

The Federal Reserve will be able to quash inflation by braking the U.S. economy without running it into a wall the Fed will lower interest rates by half a percentage point, and U.S. economic growth will slow to a tepid but reasonable 2.6%. That level of growth is well below the 4% pace considered robust, but it's not an industry-annihilating, worker-devastating, consumer-abusing knockdown

Large-cap growth stocks could lead the market in 2007 When the economy slows, companies whose fortunes are largely tied to gross domestic product growth find themselves in hot water. Seasoned growth companies, ones that year after year innovate their way to above-average earnings gains are prized

Media companies to stage a brilliant comeback in 2007 The motion picture and television industry surpassed the defense industry as the top moneymaker in Los Angeles a few years back; pop culture is one export that is helping to stave off disaster in our trade deficit; and newspapers have finally figured out how to compete online

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