Monday, January 07, 2013

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.


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