Annual Blog Poll
I'm a little late in posting this, but each year I ask all of the folks I know in this business to put together a forecast for the market. Last year the average forecast for the S&P 500 for the year was for a gain of 8.5%. As it turned out, the market rose 13.4% for the year. So our group was a little cautious.
The closest guess came from Scott Lytle (Janus) who predicted the S&P 500 would finish the year at 1420 (only 6 points off). Congrats to Scott, who will claim his valuable prize when I see him next week.
I am still tallying the forecasts for this year, but I will put together a post when I have all the predictions in so we can see if the group has become more bullish or not for 2013.