Smalltime's 2014 S&P 500 Forecast Closer than the Experts
by Bradley Voight on 01/01/15In our 2014 economic preview, we said that the S&P 500 would end the year at 2110. The S&P 500 reached 2093.55, just 16.45 points from our call, on December 29th then shrunk back to end the year at 2058.90. Here is what the experts had to say.
I am not a trained economist nor am I a finance major. In fact I'm not even that good at math, but despite not having a degree I do have 3+ years of college with a 2.7. Nothing to write home about so why am I doing this? The business world fascinates me and I have devoted nearly all of my spare time over the last 3+ years to learning about the ins and outs of corporate finance and along the way I learned about currency trading, which taught me about the bond markets of the nations of the world. I learned about the metals markets through my recycling hobby and I drive for a living so I see the freight flows on I-65 and I-70, so I put all of it together and took a stab at a prediction. I was not as close on the Dow or the NASDAQ, but the S&P 500 is widely recognized as the best benchmark of the broader economy and I felt that 2014 would be the best year yet since the downturn.
Stay tuned for our 2015 economic outlook. Just a hint, I think it will be a much better year economically, but it is the Russell 2000 that will make the double digit advance in 2015. Volatility will make a return to the S&P and that's all I can say for now.
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