As of 05/03/2024
Indus: 38,676 +450.02 +1.2%
Trans: 15,348 +113.80 +0.7%
Utils: 914 +6.22 +0.7%
Nasdaq: 16,156 +315.37 +2.0%
S&P 500: 5,128 +63.59 +1.3%
|
YTD
+2.6%
-3.5%
+3.7%
+7.6%
+7.5%
|
39,325 or 37,000 by 05/15/2024
15,820 or 14,600 by 05/15/2024
925 or 865 by 05/15/2024
16,700 or 15,200 by 05/15/2024
5,250 or 4,850 by 05/15/2024
|
As of 05/03/2024
Indus: 38,676 +450.02 +1.2%
Trans: 15,348 +113.80 +0.7%
Utils: 914 +6.22 +0.7%
Nasdaq: 16,156 +315.37 +2.0%
S&P 500: 5,128 +63.59 +1.3%
|
YTD
+2.6%
-3.5%
+3.7%
+7.6%
+7.5%
| |
39,325 or 37,000 by 05/15/2024
15,820 or 14,600 by 05/15/2024
925 or 865 by 05/15/2024
16,700 or 15,200 by 05/15/2024
5,250 or 4,850 by 05/15/2024
| ||
Released 8/31/2021.
Below is the updated forecast for 2021 as of the close on Tuesday August 31. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
On some of the charts (all except the CPI chart) the prediction in red is based on the work of Edgar Lawrence Smith in the 1930s. Smith said that the stock market followed a 10-year cycle. Each year tended to repeat the behavior of the year a decade earlier. In other words, if you averaged all years ending in 1 (2001, 1991, 1981 and so on), that would give you a forecast for 2011. For 2012, you'd make a similar average, only use 2002, 1992, 1982, and so on. That's what I did for the market forecast charts which follow.
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My Stock Market Books
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