Thursday, December 31, 2015

Predictions for 2016

First what I predicted last New Year's Eve:

Drum roll please. Mr Mustache predictions for January 1 2017: 
In red, what really came true on January 1 2016 
Dow 18500 17425
S and P Index 2100 2044
NASDAQ 5000 4593
Microsoft will retreat to 40 55.48
Eagles will get in the playoffs but lose in January. Eagles will not make playoffs.
Obama will make overtures to Iran like he made to Cuba but Congress will not go along with the deal, no treaties or normalization. Actually our president was cagier than I thought he would be. Pretty much got what he wanted in both instances. As a technicality we have a Charge de Affaires not an Ambassador in Cuba today. 
Unemployment will go down to 5% correct, and oil  47.07 will go up to $60. 
Middle East will stabilize a tad but the EU will be in the doldrums. Isis did lose some territory but did not really stabilize. Everybody seems to be in the doldroms nowadays.
The New York Post will start the drumbeats to impeach the mayor of NYC. While the Post is not Biaggi's biggest fan, no drumbeats. 
Overall another middling year. 

My financial predictions for 2015 were overly optimistic. I never predicted the market would go down and never really recover. This year I am carrying over my market index predictions from last year to the end of 2016 with the caveat that Microsoft will go to 60.  Hopefully by then we’ll have made some money on the market again.
Microsoft was one prediction that underestimated the price, next year I see it ending at 60, a small gain. The unemployment rate is now 5.0 and I am predicting 4.8 by the end of 2016. The Philadelphia Eagles will make the playoffs next year but lose their first post season game. Donovan McNabb will be well liked as head coach.
The Democrats will have a good election in November and Bill Clinton will be our next first lady, although they will have to give him a new name, the dowager President? 

Editor's note: What the BBC says we'll be wearing in 2016. Really?

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