The S&P 500 Index finished 2010 at 1257.64, representing a gain of 12.8% for the year. This came on top of a 23.5% increase in the Index in 2009, leaving the S&P 500 39.2% higher than its year-end 2008 level. It should be noted that the S&P 500 is still 14.3% below its 2007 closing level.
With that in mind, it's time to announce the winner of the 2nd Annual IcebergCarwash Stock Market Contest.
First, let's re-cap the entries, in the order in which they were submitted:
MBB: 1175.00
7-11 Supporter: 1250.00
Brother Lawyer: 1825.00
rabbim: 1393.88
SLiM: 1300.00
adinurd: 1515.00
Doobie: 1550.00
The winner, with a prediction that came within 0.6% of the actual result, is 7-11 Supporter.
That's a spectacularly accurate prediction, and is very impressive, indeed.
Stay tuned to this space for more information on the prize to be awarded for this year's contest.
As a reminder, there's still time to participate in this year's contest. Please see this post. Entries will be accepted until 9:30 AM EST on Monday, January 3, 2011.
4 comments:
congratulations 7-11 supporter. Welcome to the icebercarwash winners circle! it's a happy place to be!
isn't 7-11 just MBB posting under another name?
No, 7-11 supporter is not MBB.
While I avidly support 7-11, I am not "7-11 Supporter." Does anyone honestly think that I would not admit to predicting the year-end close of the S&P 500 within 0.6%?
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