Market Forecasting Has Not Worked In 2010
Bespoke Investment Group published market forecasts of various influential investment blogs for 2011. But: How have their 2010 predictions fared year to day?
Through December, 17, 2010 were all above assets in black numbers. As a result all red predictions (more than 50%) from the picture above are false. Tossing a coin would earn you better results than relying on someone’s predictions. Once again, we have seen that a broadly diversified portfolio of passively managed mutual funds where nobody has a crystall ball is the best solution for all of us.
Tags: blogs, forecast, investing, prediction
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