Two weeks ago, I talked about bitcoin in my blog. Here is what I said:
Congratulations to Todd Maugans, the 2016 winner who guessed 2240 – the S&P 500 ended up at 2238.83, so he was very close. Interestingly, last year, the blog readers were somewhat bearish, guessing only a two percent rise in the market. It turns out that the market beat 97% of your guesses (see chart below). Last year’s guesses were split into two distinct groups, although even the bullish group mostly underestimated the end result. I have some theories on how this year’s guesses will turn out, but I will keep those to myself so I do not bias you.