The Contest

UPDATE:  Friday, March 16  4:10 PM

We have a WINNER!  Our very own EWTNEWBIE, at 1400, was a scant 4 points away from today’s closing SPX price of 1404.24.   Who knew his keen analysis would prove to be so prophetic?

For his brilliance, the newbster (or is he?) wins a free one-year premium subscription to the new pebblewriter website, which I hope to have up this weekend (fingers firmly crossed.)

Kudos to 2nd and 3rd place finishers Roy Ponder and R M for their guesses of 1392 and 1385.  And, thanks to everyone who played our little game.   I know how humbling it can be to put your thoughts out there for everyone to see.  So, I appreciate everyone who participated.

If you all enjoyed this, we’ll do it on a regular basis.  If you have a particular contest in mind, please post your thoughts below.  Again, congratulations ewtnewbie.  Great job!

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UPDATE:  2:20 PDT

I goofed when I posted that the deadline was 5pm PST.  Forgot that daylight savings time began last night.  Note that the deadline is 5:00 PM PDT (Pacific Daylight Time.)  Here’s the list, in the order in which they were received,  as of moments ago.  The mean is 1332.49, median is 1330 and std dev is 42.  A slightly bearish bunch… go figure.

As someone pointed out, Friday is OPEX.  But, jeeze, what headlines over the weekend; lots to think about.

 Good luck!

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ORIGINAL POST:

Sorry, but I love this kind of stuff.  If nothing else, we’ll find out who the real bears are!  From today’s daily post:

I’m working this weekend to get the new website up. Take a moment to sign up as a follower of this blog; regulars will be offered preferential rates. And, while we’re on that topic, I’d like to offer the reader who comes closest to picking the price at which SPX closes on March 16, 2012 a free one-year subscription. Post your best guess in the Comments Section for all to see by this Sunday at 5pm PST.

I’ll post all the entries I’ve received as of Sunday morning shortly after noon.  Any corrections should be submitted by 5:00 PST that afternoon.   Like the markets and – dare I say, life – timing is everything.  Please, no double entries, and don’t confuse me by picking a number already picked by a fellow reader.   To simplify things, all entries must be logged in the Comments Section of this post.

Good luck to all!

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Here are the early birds from the comments section in yesterday’s post…

Comments

The Contest — 28 Comments

  1. market will be at 0 markets will have a bank holiday as they print a new currency and chinese gives the whole world a debt due over,,,,seriously 1350

  2. March' 16th huh..hmm, thats opex no less.

    Well, I'd guess 1300 'soon'..but no lower before mar'16.

    Q. whats the link for the daily post site, i did take a look, i can't find it. I wanna win the prize, so I can decline it.

    *ps. so nice to see my little page listed amongst the legends… , thanks! 🙂