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Opinion
Barry Ritholtz

The Secret to Perfect Market Forecasts

No one knows what will happen in the future, so you're wasting you time paying attention to those who say they do.
I predicted this too (even though I know little about weather).                      
I predicted this too (even though I know little about weather).                      

When was the last time anyone got good investing advice from the front page of a newspaper or magazine or from a television pundit?

That is the question I have been pondering during this market cycle. Whether it is the price of equities or the state of the economy, I have grave reservations about relying on the usual suspects as a source of insight. This is especially the case when the usual suspects have been so wrong for so long about these issues.