| NewEd | Craig | Dave | Xorp | Eric | |||||
| DJIA | 14000 | 13000 | 9-10k | 11200 | 9500 | ||||
| S&P | 1200 | 1000 | 1300 | 950 | |||||
| Nasdaq | 2000 | ||||||||
| Gold | 1200 | 1300 | 1400 | 1125 | 1100 | ||||
| Oil | 125 | 100 | 100 | 79 | 70 | ||||
| Unemployment | 10% | 9-9.5% | 7 |
The year end actual:
| 12/31/10 | Winner | ||
| DJIA | 11577.51 | Xorp | |
| S&P | 1257.64 | Xorp | |
| Nasdaq | 2652.87 | Dave | |
| Gold | 1420.85 | Dave | |
| Oil | 93.31 | Craig & Dave | |
| Unemployment | 9.4 | Craig |
Taking three categories, the winner - Dave.
Tied for 2nd - Craig & Xorp.
Followed by NewEdit and coming in last (of those brave enough to make predictions) Eric.
One may argue that my 2000 prediction on the Nasdaq was way off. However my full prediction was that the Nasdaq would rise to 2500 then fall to 2000. The Nasdaq closed above 2500 on 4/14/10, hit 2530 on 4/23/10, then proceeded to drop to 2091 on 7/2/10. After nailing my prediction, the Nasdaq went on a 500 point rampage the last four months of the year. The Dow & S&P acted similarly, coming very close to hitting my predictions of 12000 & 1300 for highs and 9000s & 1000 for lows.
Though they weren't included in our predictions, there were 157 bank failures in 2010 compared to 140 in 2009 and 25 in 2008.
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IF THE BLOG BELOW VIOLATING PRIVACY RIGHTS AND IS NOT REMOVED AND THE SLOGAN OF THIS BLOG CHANGED, I WILL BE SURE TO REPORT THE USE OF A REGISTERED BUSINESS NAME USED WITHOUT THEIR EXPLICIT PERMISSION. THAT OUGHT TO RESULT IN APPROPRIATE LEGAL ACTION FOR DAVID.
ReplyDelete~A CONCERNED CITIZEN
If we use the principle of "closest prediction without going over," then I win the S&P category. ;-)
ReplyDeleteThis year I will beat everyone, and even DW will have to admit that he was beaten by a girl... and not only that, but a Justin Bieber fan!
My predictions will be ready for our next meeting. For now I will say that there will be a bank bailout in an attempt to prevent 157+ bank failures in 2011.
This isn't The Price Is Right. But even if it was, what exactly is "going over"? The price can rise above your target and also fall below your target. If the market is above your target of 1200 and it drops below 1200 did you go over?
ReplyDeleteThe S&P closed 12/31/09 at $1115. Dropped to 1056 on 2/8, rose to 1217 on 4/23, dropped to 1022 on 7/2, then closed the year at $1225. (Pretty close to nailing my prediction of 1000 for the low and 1300 for the high).
The DJIA closed 12/31/09 at 10,428. Hit the low for the year on 7/2 of 9686 and closed the year at it's high of 11,577. (Again, almost nailing my predicted highs and lows).
Also, in mid year predictions, I come out the winner. On 4/19/10, Richard & Xorp predicted the stock market will continue to rise. I predicted that the market would correct. (http://anarchydetroit.blogspot.com/2010/04/next-meeting-thursday-042910.html) The S&P gained 20 points (1.6%) over the next 4 days. It then proceeded to lose 100 points the next two weeks and 200 points (16%) the next 2 1/2 months.
Good luck beating everyone this year. Craig will be the one devastated by being beat by a Bieber fan.
We should include bank failures for our year-end predictions this time.
ReplyDeleteMy U-3 un-employment prediction was a disappointment. Those pesky extensions.
TAKE THE INNAPROPRIATE BLOG CONTAINING SOMEONE'S NAME WHO DOES NOT WANT TO BE ASSOCIATED WITH THIS BLOG DOWN AND THE "PANERA BREAD" REGISTERED NAME AS WELL. YOU ARE BEING A STUBBORN IMMATURE LOWLIFE.
ReplyDelete