2021 Predictions

 

Now it is time to look back at this historic year and contemplate the future. The pandemic was completely unpredicted, but the market behaved in ways that, except for some scary moments in the spring, maintained the holdings of those lucky enough to stay invested. 

Entity:              Dec. 31, 2020      My prediction from a year ago:

Dow Jones               30606             30000
S and P                      3756               3500
NAS                           12888              9100
Oil                              48.42               70
Unemployed             6.7%               4.5%
Microsoft                  222.42               170

When you take all into consideration, the market did quite well. As usual, I underestimated things. I do give myself credit for predicting Biden as the next president.  Not a good year for the little guy, though. 

My predictions for Dec. 31, 2021:

Dow Jones         31000

S and P               3900

NASDAQ           15000

Oil                      60    

Unemployed        5.5%

Microsoft            240

My prediction is for a return to normalcy. Biden will be a disappointment, but  he can't walk on water. Jalen Hurts will turn out to be popular quarterback for the Eagles and he will obtain a wild card for the team, but the team will lose its first playoff game. Next year interest rates will remain low and we will continue to buy most of our goods from China. The suburbs will gain value in real estate terms but the cities will struggle from lost revenues. Murphy will be re-elected Governor of New Jersey.