Blog Poll Winners

Each year I take a poll of professional investors of their forecasts for the year ahead.

The winner of last year's poll was Jerry Byrne, who forecast the S&P 500 Index would finish 2007 at 1465 (it closed at 1468). Nice job.

Doug Kass came the closest on the 10-yr yield forecast, with a prediciton of 3.99% (vs. 4.03%).

I am in the midst of compiling the forecasts for 2008. I will post an update of what the average forecast is when I have them.

The average forecast for 2007 was for the SPX to gain +6.8% (it only gained +3.5%).

Happy New Year!!