For the 24-hour period beginning 12:50 PM PST, Forecast Monkey says BUY the S&P500 (Continue to hold Ultrabull fund or SSO shares).
Today's prediction was reached by giving the Forecast Monkey an assortment of chemicals and drugs, then observing which ones he chose to ingest.
Statistics for the Forecast Monkey's predictions through yesterday's close:
Average success rate: 100%
Total return: +22.15%.
I am pleased to announce that with ten minutes remaining in the trading day, it appears that the Forecast Monkey is heading towards his first failed prediction! Yesterday the Forecast Monkey predicted that the S&P 500 would rise, but it is currently down about 2%, which should result in a well-deserved 4% loss for anyone foolish enough to trade based on these predictions. This is an exciting day for all of us, and we look forward to many more failed predictions in the future.
I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.