Daily Dose of Optimism - Birinyi & Associates "Most Accurate" Blog Forecaster

I have been a participant in the Weekly Blogger Sentiment Poll, run by Ticker Sense, the blog of Birinyi & Associates. The poll is a binary (bullish/bearish), short-term prediction of S&P 500 performance.

One of the participants in the poll, Fallond Stock Picks, recently compiled the results of this poll to determine which blog was the most accurate forecaster of market performance.

I was pleased to learn of the results: the Daily Dose of Optimism (your humble blogger) was the most accurate forecaster for the survey period (link to results):

I haven't put a whole lot of specific effort into my forecast, other than the effort I normally put into reading news and charts, but I guess I'm not too surprised by the result - I am bullish, which has been the winning position for the last few months, and most of these bloggers are bearish.

My early readers hopefully already knew that this blog wasn't completely useless as a source for information, and for newer readers, here's some proof that I am more clued into the market than other finance bloggers. I realize that isn't saying much, but it should count for something as far as how you allocate the time you spend reading finance blogs.

While we're on the subject of studly paper trading, I will also refer you to my Motley Fool CAPS watchlist. Up until recently, I was using CAPS to track my stock watchlist, and the performance was mostly respectable. Here's the summary:

I really like CAPS for paper trading efforts and sharing ideas, better than anything else I've tried, and I still look a the site about once a day. However, I haven't been actively managing my stocks on the site in some time. If DDO readers care, or provide additional feedback based on what I share on CAPS, I'll continue to maintain the CAPS list with comments. The future is in your hands. Thanks for reading! - Ed