Money Magazine

Have fun in the guessing game

So, there I was in my broking office in 2007, before Christmas, before the new year, when the phone rang. It was a financial journalist. I picked it up. A bigger loser than me. Working the Christmas shift is no fun and finding content to fill a whole newspaper for two weeks was a job I had some sympathy for.  

He was doing the usual thing for that time of year, ringing a few brokers, getting a few predictions for the year ahead. An obvious filler for the business pages. He was running a “bit of a competition” he said, trying to raise enthusiasm from the grave, to guess the S&P/ASX 200 level at the end of next year.  

Well, any broker with half a brain will tell you that you the only way to win a stockmarket guessing game

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