Predictions for 2019

I'm old enough to remember New Year's Eve as the time Louis Rukeyser and his guests would sit around in tuxedos and predict the stock market for the year. One guest would be lauded as having been right and the others would be scolded for being oh so wrong.

This year I am a bit proud of myself for coming right close to predicting the close on the Dow and S and P indexes. I predicted the Dow would close at 23000 and it closed at 23327. I predicted the S and P would close at 2450 and it closed at 2507. I was overly optimistic on the NASDAQ, predicting 6800 when in fact it closed at 6635. I prontificated Microsoft to be selling at 70 when it is in fact now selling at 101.57. I was also wrong on oil prices, now selling for 45.81 instead of my inflated 80.

The Eagles are going to the playoffs, (I was right) . I predict they will lose before the Superbowl at the end of this month. Next year they will not be "in the hunt". Interest rates will go up, but not by much. My big prediction is that Mike Pence will be our president this time next year. The Donald will announce his resignation on Twitter. Americans will again be selling cherries and soybeans to China. Actually I am mildly bullish on the new year.


    Entity:                Today:               December 31, 2019:

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

Editor's note: I own stock in Microsoft.