A Contest of Sorts... The Results!!!
Hello Fellow Fools, I trust that you all had a Happy Festivus.
If you recall last year at this time I started a simple contest-
and now is the time to reveal the results, but first a few words-
Many philosophys were used in our futile efforts to predict the future, Numerology, Voodoo Economics, Divining Rod, Astology, Encology,Exobiology,Mumbo Jumbo,Perissodactylous, Aroma therapy, argybargy, austerity...(ok I got stuck on the a's so lets move on)
But only one method won this contest-
(Your probably thinking- Wait a minute Harry thats like cheating the winner used charts to tell him what the future holds barring the event of any Black Swans... Shenanagins!)
I know,I know personally I used to think that charting was just a bunch of squiggley lines that could move up or down for no apparent reason. But I've changed my ways, Warren Buffett be damned. (no offense but if I can't invest like him why should I try and emulate his investing style)
Without further ado.. The winner is.................
(fireworks go off, confetti fills the room, the rockettes kick up their heals, dancing elephants are juggling monkeys)
The Dow closed at 12,217.56 on Jan 1st,2012
jgknot called 12,150 on Jan 1st 2011
True to my word I will be spending the rest of my day reading and reccing all of your blogs.
Hopefully everyone else who participated will do the same (just sayin' losers)
If you guys want to play again I'll start it off-
Same rules apply
One pick per Fool, deadlines close of the Dow Jan 4th.
Thank you all for playing and heres hoping for a prosperous New Year.