FAITH IN 2014 PREDICTIONS IS HAZARDOUS TO YOUR PORTFOLIO $TLT $EEM $IWM $FXE $SPY $GLD $USO $FXY
There is an overabundance of predictions about investing in 2014. The predictions range from those made by market scholars who have spent most of their lives studying markets to those not yet humbled by the markets.
A very intelligent investor I know put in a lot of effort to develop a spreadsheet. The spreadsheet lists S&P 500 predictions of the 20 most notable market watchers. The spreadsheet also has a column for the past accuracy of these market watchers. Based on this information, this investor tried to make his own projection for 2014 using his extensive knowledge in statistics. When he was all done, his conclusion was that all of the work he had put in was futile because he could not come up with results that were statistically significant to give him enough confidence to invest.… Please click here or the title below to read more.
