Big Dog Investments wrote:
Big Dog Investments wrote:
I propose another DGTD prediction contest: PREDICT THE CORRECTION.
Here are the rules:
1) Give the exact date that the Dow will reach 10% below its high.
2) Your prediction must be made before the Dow has fallen 3% from its high.
Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.
Will it happen before the end of 2016? After the inauguration? Groundhog Day?
Let's hear what you think.
Congratulations to Mellon for winning the contest. With the correction yet to be realized, Mellon is the only one remaining in contention and thus captures the trophy. ATTABOY!
The prediction pool:
Igy: January 9, 2017 - ELIMINATED
Big: January 13, 2017 - ELIMINATED
Econ: Feb 8, 2017 - ELIMINATED
agip: March 4, 2017 - ELIMINATED
Ghost of 29: May 15, 2017 - ELIMINATED
Maser: June 17, 2017 - ELIMINATED
Mellon: December 31, 2018
It remains obvious that most of us were not bullish enough.
Current data (as of 2/8/18, 1:54 PM ET):
Dow high...26, 616.71
Prediction goal...23,955.03