Market Predictions vs. Reality

By |2018-03-16T02:21:04+00:00January 16th, 2018|Categories: Single Point of View|Tags: |

Every year the big Wall Street banks publish their year-end targets for the S&P500.  Think of these as a gauge of Wall Street’s collective wisdom. Their well-paid researchers crunch a ton of market and economic data. I will save you the suspense – their forecasting ability would be laughable, if it wasn’t for the fact that [...]