For the 24-hour period beginning right now, Forecast Monkey says SELL the S&P500 (Sell any other holdings and buy Ultrabear fund or SDS shares).
Today's prediction was reached by observing the Forecast Monkey as he played countless rounds of "odd-or-even" with my leg hair.
Yesterday, Forecast Monkey predicted that the S&P 500 would rise over the 24-hour period ending now. With ten minutes remaining in the trading day, it appears that yesterday's prediction was correct. If you were a moron and actually traded based on yesterday's forecast, as of right now you would have a gain of approximately 2% over the last 24 hours (exact numbers will be posted tomorrow).
So far, the Forecast Monkey has been 100% correct in his trading predictions. If he keeps that level of accuracy, a trader following his advice will double his money every few months.
Yesterday's blog post appears to have an incorrect time stamp. For the record, it is 12:50 PM, Pacific Time on 12/10/2008.
I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.