Thursday, October 09, 2008

One half of my long-term prediction comes true: S&P 500 index passes 940

It was all the way back on January 22nd that I made an experimental long-term forecast for the stock market. I predicted that the Dow would fall to 8500, and the S&P would reach 940.

The S&P 500 index has crossed the threshold today, and as I type the Dow isn't far behind at 8700.

I am not calling a market bottom today. For all I know the Dow could keep plunging to 5000 from here, and then my forecast would only be semi-prescient.


Cathy said...

Congratulations, Hodar!

Jody said...

Thank you!