Thursday, January 1, 2015

Welcome to the Soothsayer's Ball

Hey everyone, good news:

It's time for the Seventh Annual IcebergCarwash Stock Market Contest.

 You know the drill.

Using the comments section below, offer your prediction for the closing level of the S&P 500 Index at the end of 2015.

The entry which comes closest to the actual number, above or below, will be the winner.

Technically, there is some slight chance that a prize might be involved, but I doubt it.

My prediction is that we will see a carry-over of the volatility that we saw in December.

For a closing price, however, I will estimate that the S&P 500 will be essentially unchanged from yesterday's closing price of 2,058.00.  Rounding off, I'll officially set my prediction at 2,060.00.

Good luck to all contestants.

We Have a Winner!

Incredibly, I managed to go an entire calendar year, without posting anything to IcebergCarwash.
My restraint is unbelievable.

Actually, I wasn't sure that IcebergCarwash still existed. For some reason, I was under the impression that FBB had sold the name.

It turns out that IcebergCarwash is still up and running, so we need to announce the winner of the 2014 IcebergCarwash Stock Market Contest.

The S&P 500 closed at 2058.90, up 11.4% for the year.

Looking at last year's entries:

MBB: 1950.00

Wolfman: 2150.57

RabbiM: 1500.00

SLiM:  1622.89

The winner, for the second consecutive year, is Wolfman.

Congratulations.

As always, any prize-related inquiries should be directed to FBB.