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.
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