Tuesday, December 31, 2013

Annual predictions (2014)

So my anxiously awaited predictions for 2014.

My predictions for Janurary 1, 2014 made a year ago:

Dow $14000
S and P ($1500)
NASDAQ ($3300 and a comeback for Microsoft)
Unemployment (7.1%)
Fiscal Cliff Will be solved before the Inauguration. Taxes and milk prices will go up for everybody.
Middle East Gunfire but no war.
Philadelphia Eagles New head coach, new quarterback, no playoffs. 
Life in General Higher interest rates, higher prices, life will be the same muddle but there will be some decent movies released this year. The hip people will leave Brooklyn, get married and move back to the Suburbs. 

Reality for January 1, 2014:

Dow $16577
S and P $1848
NASDAQ $4177 and Microsoft did well
Unemployment 7%
Fiscal Cliff Solved til the next round. Prices a bit higher. 
Middle East Gunfire but no war.
Philadelphia Eagles New head coach, new quarterback, they are in the playoffs.
Life in General: Higher interest rates, higher prices, same muddle, good movies. Hip people are still moving to Brooklyn and having babies. 

In other words, I did  anticipate an increase in the market but it beat my expectations. For regular joes, not a great year but not a terrible year. 

Predictions for January 1, 2015:

Dow $17250
S and P $2000
NASDAQ $4600 and Microsoft will do well again. 
Fiscal Cliff: Not a problem.
Obamacare: People will complain about it but it will live another year. 
Middle East: Gunfire but no war. Iran and U.S. better relations. 
Philadelphia Eagles will lose in NFC Championship game. A lackluster 2014 season.  Vick will get traded and have a decent year in the AFC. 
Life in General: Slow improvement to economy. Democrats keep Senate, lose House. Philadelphia will become the next Brooklyn.  Bridgegate will still be in the news. In the economy, it will be an okay year. Baby boomers will finally start retiring, helped by rising housing prices and the stock market. This will open up some jobs for the Millennials.

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