Saying goodbye to the holidays

 

Now it's time to start throwing out Christmas effluvia. As well as finding space on my limited table tops and cabinets for my new possessions. As a kid I remember taking down the Christmas tree while singing Christmas carols backwards. Anyhoo, here is a link to a stirring and moving poem I wrote about the end of the season. 

How will 2024 work out

A year ago, I prognosticated a moderate increase in the market. I was far too pessimistic compared to what actually happened.  

My predictions for December 31, 2023:

Dow Jones           36000

S and P                4500

NASDAQ           10800

Unemployed         5%

Microsoft             300

Texas Crude Oil    90

CPI                       5%

Here are the end of year numbers for 2023:

Dow Jones           37690

S and P                4770

NASDAQ           15011

Unemployed         3.7%

Microsoft             376

Texas Crude Oil    71.32

CPI                       3.1%

Here are my predictions for the end of year 2024:

Dow Jones           40000

S and P                4850

NASDAQ           17800

Unemployed         5%

Microsoft             400

Texas Crude Oil    90

CPI                       3%

Recommendation: Small cap mutual funds 

In 2024 the Eagles will get killed off in the playoffs, Biden will be re-elected, the media will tire of AI but reference librarians will be nervous about their jobs. Russia will sign a treaty giving them Crimea and some land in eastern Ukraine, but NATO type troops will sit at the hard border guaranteeing most of that country relative security. 

Christmas grumbling

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From a few years back, an oldie but goodie. This blog talks about the pleasure of giving cruel Christmas gifts.

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Being on the receiving end of present giving, I would like to grumble about food baskets. They are fine in the corporate world but should not be hoisted on unsuspecting family members. The basket is too big and I never know what to do with them. They are filled with crummy confetti (comprising 90% of the volume of the basket) and the the sizes of the packages make an airline look generous.

Editor's note: Friday evening we will have the end of year stock numbers. Probably have my predictions out early Saturday. I know a lot of money managers rely on them. 😉

Christmas letters I still send out Christmas cards and having no spouse or children I am at a loss on what to say. Thankfully I travel and my travels at least give me something to recount on my Christmas card notes.