Monday, December 29, 2008

STAY LONG at 12/29/2008 close

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 graphing the Forecast Monkey's desperation index (DI), measured as the number of escape attempts he makes per day.

Statistics for the Forecast Monkey's predictions through yesterday's close:
Average success rate: 75%
Total return: +20%
1 week return: +2%
Friday 12/26 return: -1.09%

Also, these returns were not posted while I was on vacation:
Wednesday 12/24 return: +1.2%
Tuesday 12/23 return: -1.88%

As you can see, if you actually traded based on these predictions the last few days, you would have lost money overall. Luckily, only a total sucker would trade based on the antics of a crazy monkey. You aren't a sucker, are you?

I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.

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