atans1

Don’t waste time reading 2013 forecasts

In Financial competency on 08/01/2013 at 6:01 am

They got most things wrong in the major markets. As you know, events in these markets affect smaller markets.

http://www.bloomberg.com/news/2013-01-04/almost-all-of-wall-street-got-2012-market-calls-wrong.html

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  1. We should be careful not to look for a nostradamus of sort and astrologers are the right persons to consult for that. Many people in the market are looking for – “someone tell me the day and date when the world’s economy is going to tank, so that I can short and make money. ” I don’t think anyone is brave enough to give it a timeline. But the smart ones will tell you the trend.
    To look for people making very stupid forecasts,one needs not go so far,one shining example is infront of us,through his son,almost every day in Singapore.

    http://yoursdp.org/publ/perspectives/holding_lee_kuan_yew_accountable_part_1/2-1-0-115

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