At the end of the day, 2021 was better than 2020. We had a covid vaccine (though not everyone took it) most kids were back in school, jobs opened up, it was possible to fly again, and the stock market did well. Of course, we had inflation, higher gas prices, and food prices are up at the market. If you watch Fox for your news it was a terrible year as America's greatest president was replaced. I digress.
Now for the economy.
My predictions for Dec. 31, 2021 (made on Dec. 31, 2020):
Dow Jones 31000
S and P 3900
NASDAQ 15000
Oil 60
Unemployed 5.5%
Microsoft 240
The market, etc. at the end of the year 2021:
Dow Jones 36337
S and P 4767
NASDAQ 15645
Unemployed 4.2%
Microsoft 336
Oil 76
CPI 4.9%
It turns out I wildly misjudged the economy turnaround. I was far too pessimistic. This year I am predicting the economy will again improve, with moderate gains.
The market, etc. at the end of the year 2022:
Dow Jones 37650
S and P 5178
NASDAQ 17258
Unemployed 3.8%
Microsoft 365
Oil 80
CPI 3.9%
The older Caucasians, who are the most reliable voters (and who watch Fox for news) will give the Republicans the Senate and the House. The younger voters actually believed Biden would change the world for the better, but did not know about Joe Manchin. The Eagles will not make the playoffs in January 2023.
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