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Here's How Wrong Wall Street Stock Market Predictions Are
Trusting Wall Street stock market predictions could be hazardous to your portfolio's health.
In particular, the annual Wall Street stock market predictions made by the top analysts are so inaccurate, a blindfolded monkey with a dartboard could do better.
Collectively, the forecasts of these "experts" over the past 15 years have been off by an average of 14.7 percentage points a year. That's worse than if they'd simply guessed the long-term average return of 9% every year.
Any other worker with a track record like this would be fired immediately...
Trusting Wall Street stock market predictions could be hazardous to your portfolio's health.
In particular, the annual Wall Street stock market predictions made by the top analysts are so inaccurate, a blindfolded monkey with a dartboard could do better.
Collectively, the forecasts of these "experts" over the past 15 years have been off by an average of 14.7 percentage points a year. That's worse than if they'd simply guessed the long-term average return of 9% every year.
Any other worker with a track record like this would be fired immediately...