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Back On April 15, we  launched  a Stock Market contest (click link to see insights from the participants) in which a team of Goliaths (personal finance bloggers) were matched up against a team of Davids (people who were not personal finance bloggers).  At long last, we unveil the first monthly update.

At the end of the day on April 14th (the 104th day of the year), the Dow was at 7920.18.

At the end of the day on May 31 (the 151st day of the day), the Dow was at 8500.33

This is a gain of 580.15, or 12.34 points per day.  If we assume that the market will contain to gain at exactly the same rate throughout the rest of the year (yes, a ridiculous assumption), the Dow will be at 11,140.92 at the end of the year.

How do our contestants stack up?

I also invited visitors to play along at home.  Let’s see how they are doing.

Visitor Mike missed the  April 30 cutoff, but submitted a guess of 11,600 – a projected difference of just 459.08.

At this point, team Goliath seems to be off to a strong starts as the Dow has been fairly strong over the last 6 weeks.  There are still 7 long months ahead of us before the end of the year – a lot can change!  Check back each month for an update.

Kosmo is the founder of The Soap Boxers and writes on a variety of topics, including the Fiction Friday original short stories. You can purchase some of Kosmo's work at the company store. Like Kosmo's writing? You can leave a tip.

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Comments

2 Responses to “Stock market contest, June 1 update”

1. kosmo
   June 1st, 2009 @ 9:45 am

   Note:
   GM and Citigroup are being dropped from the Dow and replaced by Cisco and Travelers. Travelers had previously been a member of the Dow before being acquired by Citigroup in 1998 (Citigroup spun off Travelers in 2002).

   GM was dropped because their bankruptcy filing made them ineligible for inclusion. Citigroup is not technically ineligible, but was dropped as it gets its house in order. It would be elgible for inclusion at a later date.

   Due to the way the Dow is calculated, the swap shouldn’t cause a weird change in the DJIA when changes take effect on June 8. Going forward, though, it seems that this might have a bullish effect on the Dow in the medium to long term. However, I am far from an expert on this.

2. Jeff
   June 1st, 2009 @ 10:19 am

   Love it! I’m excited to see how this turns out. Thanks for putting this together and sending the update.
   Total Comments by Jeff: 5

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