Quote:
Originally Posted by lewdog
Market predictions are worse the KC Chiefs seasonal record prediction threads.
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I saw an article the other day that said that the median error of stock forecasting by the major Wall Street firms was something like 8 percentage points. So that basically means that they're off by nearly the entire amount of the average annual return.
I'm liking 2023 so far. I was hoping that the market would do a reset at year end, and maybe we'll get that.
I do think that the market is trying to run a year ahead, so I think it'll be better than the news indicates if there's an expectation that 2024 will be back to normalcy. I'll bet that I'm right, plus or minus eight percentage points.