hippyboomer
Toronto's TSX or New York's DJIA - which will be higher at the end of 2008?
Toronto's TSX closed 2008 about 220 points higher than the DJIA.
The DJIA closed out the year Wednesday at 8776.39, while the TSX finished its trading for the year at 8997.70.
The TSX wound up trading on Wednesday, the final day of 2008, with a gain of a 156.98 points, or 1.78 per cent, to 8,987.70.
http://www.montrealgazette.com/ends+dismal+year+high+note/1130401/story.html
Background:
The TSX is more heavily influenced by commodities and oil, whereas the DJIA is more influenced by banking and big businesses such as General Motors.
Canada has had a balanced federal budget and a sound banking sector whereas the US budget and economy seems to be in disarray. On the other hand, there's some optimism that the new administration of Barrack Obama will bring hope and inspiration to the US.
Settlement details:
As reported by a major mainstream news source.
Settled
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Toronto's TSX closes higher |
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New York's DJIA closes higher |
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Suspend date: Wed 24th Dec 2008 7:59pm PST Settlement date: last Saturday 6:02am PSTPrediction cut-off: Predictions on this question after Wed 24th Dec 2008 7:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: Toronto's TSX closes higher: 50%, New York's DJIA closes higher: 50%
Action history:
hippyboomer 
horsefeathers
: 2008 over 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Toronto's TSX closed 2008 about 220 points higher than the DJIA.
The DJIA closed out the year Wednesday at 8776.39, while the TSX finished its trading for the year at 8997.70.
The TSX wound up trading on Wednesday, the final day of 2008, with a gain of a 156.98 points, or 1.78 per cent, to 8,987.70.
http://www.montrealgazette.com/ends+dismal+year+high+note/1130401/story.html
Suspend date: Wed 24th Dec 2008 7:59pm PST Settlement date: last Saturday 6:02am PSTPrediction cut-off: Predictions on this question after Wed 24th Dec 2008 7:59pm PST have been voided because they were made after the question could be settled
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Get widget!Predictions (34)
34 predictions
lcsnor
predicted Toronto's TSX closes higher (H$55 at 46%)
gazelle
predicted New York's DJIA closes higher (H$100 at 42%)
mork![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
growthy
nightwish
predicted New York's DJIA closes higher (H$20 at 39%)
drock
predicted Toronto's TSX closes higher (H$50 at 60%)
sdchargers
predicted New York's DJIA closes higher (H$300 at 38%)
craig814
predicted Toronto's TSX closes higher (H$50 at 63%)
predicted Toronto's TSX closes higher (H$50 at 64%)Comments (3)
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I will be adding an image and adjusting the date to suspend a few days earlier. Markets like this are best when they suspend 5-7 days before the expected outcome is known. Allows for more predicting than reacting.
Thanks
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