This is my tenth anniversary predictions blog. It was a good year for a lot of things but not for my prognostications. In general, I was too pessimistic. I said the Eagles would not be in the hunt, and as of now they are very much in the hunt, even in the playoffs. Interest rates are lower today than a year ago, contrary to my prediction. I predicted Mike Pence would be our president at the end of this year, also wrong. Trade sanctions with China appear to be diminishing, which I did predict. Last year I predicted Microsoft would be selling at 120, much below the end of year high of 158.
Entity: Dec 31, 2018: Dec 31, 2019:
as I predicted.Dow Jones 23327 26000
S and P 2507 2900
NAS 6635 7000
Oil 45.81 70
Unemployed 4.1% 4.5%
Microsoft 101.57 120
Entity: Today: Dec 31, 2020:
Dow Jones 28538 30000
S and P 3231 3500
NAS 8973 9100
Oil 61.21 70
Unemployed 3.5% 4.5%
Microsoft 157.7 170
For the end of 2020 I see Joseph Biden as the president elect. The Eagles will have a wild car slot. The new decade will be up and down on stocks. It will end with a slight gain. Brexit will finally happen and add tariffs to British trade transactions and lead to a slight contraction in their economy. Global warming will get worse but the USA will begin a slow return to normalcy. Happy New Years.
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