My guess was $450 (armageddon scenario) to $650 (most likely scenario) to $950 (insanely optimistic scenario). I came up with these figures by looking at the S&P500 20+ year chart and drawing lines at various price points and various time frames.
Mr. Spock's guess was $600 to $800 based upon a much simpler thinking. He figured that most (if not all) of the bad news is baked into the current price of about $700 and a swing of $100 either way is plausible.
Since we are guessing around the same price, we decided to do an over-under bet. He bet that the S&P will end higher than $650 and I bet under. (Keep in mind - - I have a HORRIBLE track record when betting over-under. I hope this is one bet I lose horribly.)
So... what is your bet?
5 comments:
I'm terrible at betting too but I'll go with Mr Spock on over 650.
I so don't know enough about the stock market but I like betting. Let me do some research and I'll chime in.
Hi there-I'm not really familiar with that indices, but I hope you win the bet my dear!!
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@Miss M: I hope you're right.
@Sallie: Bring it ON!
@$haronRo$e: Heh heh. If I win, I get a dinner but my 401k will look pretty darn ugly. If I lose, I have to buy dinner but my 401k will look less ugly. Hmmm. Now that I think about it, this was a lousy bet, eh?
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