Posted 12/23/2023, 10:03:30 AM
Wall Street Forecasts Often Miss the Mark, Data Shows Little Basis for Yearly Market Predictions
- Wall Street stock market forecasts are usually wrong and not based on science
- Strategists predicted 6.2% S&P 500 growth for 2023, but it grew over 22%
- Forecasts often just reflect recent market performance rather than predict future
- No one has shown ability to reliably predict market's movements year to year
- Best strategy is long-term diversified investing, not reacting to market forecasts