For the 24-hour period beginning 12:50 PM PST, 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's brain wave patterns while he listened to sound recordings of whale songs.
At the last market close, Forecast Monkey predicted that the S&P 500 would rise between then and now. With ten minutes remaining in the trading day, it appears that his prediction was correct. If you are lacking common sense and actually traded based on the forecasts so far, as of right now you would have total return of approximately 21% over the last 7 days (exact number 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.
Total return through last close was: +12.41%.
I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.