Investors Are Better Off Flipping a Coin Than Following Wall Street Pros, Data Shows
Wednesday, January 20, 2016 22:34
% of readers think this story is Fact. Add your two cents.
by Shawn Langlois
Market Watch
Hey, don’t let a few market hiccups to start the year bum you out too much. Strategists predict gains by the end of the year! Just like they did last year. And the year before that. And the year before that, all the way back to 1998, according to one Georgetown professor who crunched the numbers during that time frame to come to this conclusion: The Wall Street pros are “full of bull.”
Salil Mehta, in a deep dive for the Statistical Ideas blog, examined 186 public forecasts, which he culled from 19 years of media coverage. For starters, the strategists have called for a positive year more than 95% of the time, while the market has only been up 73% of the time.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2016/01/investors-are-better-off-flipping-a-coin-than-following-wall-street-pros-data-shows/?utm_source=rss&utm_medium=rss&utm_campaign=investors-are-better-off-flipping-a-coin-than-following-wall-street-pros-d
