Last year I asked for 2012 stock market predictions. At the time, the market (as measure by the S&P 500) had been almost perfectly flat during during the preceding year. In fact, it opened 2011 at 1257.64 and, despite many gyrations, closing at 1257.60 on the last day of the year.
Based on the poll results, ca. 25% of respondents predicted the market would be down, about 8% predicted a flat market, and the remainder (ca. two-thirds) predicted an increase. Well, the results are now in.
The market (again, as measured by the S&P 500) went from 1257.60 to 1426.19 during 2012 — a 13.4% increase. While the majority got the overall answer right (i.e., it went up) only 11% picked the right bin (10-15% increase).
With that as a backdrop, I thought it would be fun to run a similar poll for 2013. So here it is…
If you’d like to make a guess as to the specific closing price at the end of 2013, please do so in the comments section (but please also select a poll choice). You won’t win anything but bragging rights if you get it right, but hey…
Bragging is kinda fun.
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