March 24, 2020
Lots of people spend lots of time (and make lots of money) telling you what to think about the stock market. Is it overvalued or undervalued? Is this the end of the bull market (a period where stock prices rise?) If not, what “inning” of the bull market are we in?
Do these expert predictions really work? Well, we don’t really know because no one bothers to go back and see if the forecasts were correct or not. Wouldn’t it be great if CNBC had a scrolling text at the bottom of the screen for each guest? “John said the market would drop in 2018 (incorrect). He also said oil would rise in 2019 (correct).”
But they don’t do that; my guess is it wouldn’t look very pretty.
[Read more…] about Are financial experts in the media helping your investment portfolio?