Doomsday Poll: 87% Risk of Stock Crash by Year-End
Commentary: 10 predictions point to worse plunge than 2008
by Paul B. Farrell
Market Watch
SAN LUIS OBISPO, CA (MarketWatch) — New crash coming? When? Before year-end?
In “Stocks for the Long Run,” economist Jeremy Siegel researched all the “big market moves” between 1801 and 2001. Bottom line: 75% of the time, there is no rationale for “big moves.” No one can predict them. Maybe technicians and traders can pick short-term moves the next second. Maybe tomorrow. But the long-term “big market moves?” No way.
So why predict an “87%” chance of another meltdown in 2013? Because in the real world of statistical probabilities, historical facts and expert opinions danger signals are flashing wild. In mid-2008 we summarized the predictions of 20 experts over several years. Predicted a meltdown in a few years — markets crashed two months later. Fast.
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Source: http://financialsurvivalnetwork.com/2013/06/doomsday-poll-87-risk-of-stock-crash-by-year-end/?utm_source=rss&utm_medium=rss&utm_campaign=doomsday-poll-87-risk-of-stock-crash-by-year-end
