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Showing posts from January, 2015

2014 Prognostication Quiz: Questions 11 and 12, Stocks and Bitcoin

The 2014 Prognostication Quiz  has drawn to a close!   Welcome to the last post of the year!   11. Stocks The Dow Jones Industrial Average index had an amazing year in 2013, rising by 25%. It is currently at around 16,300. Will the Dow continue its rapid climb in 2014, or are we in line for a large market correction? What will be the year-end close for the Dow? a. under 15,000 b. 15,000 to 15,800 c. 15,800 to 16,600 d. 16,600 to 17,300 e. 17,300 to 18,000 f. greater than 18,000 It was a good year for stocks, as the US economy continued to recover from the recession. The most popular answer was D, with 15 contestants guessing the 2014 would be a moderately good year. Kudos to the 13 who predicted an even stronger year than that while avoiding the pitfall of overly rosy glasses. The Dow Jones finished the year at 17,823.07, so the answer to Question 11 of the 2014 Prognostication Qui z is E . The Medium Bulls Russell V. Sarah T. Ryan M. Sarah M. Chris C. Xing Yue Megan