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The Problem With Forecasts

Sunday, January 8, 2017 22:17
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(Before It's News)

by Lance Roberts, Clarity Financial

We can’t predict the future – if it was actually possible fortune tellers would all win the lotteries. They don’t, we can’t, and we aren’t going to try. However, this doesn’t stop the annual parade of Wall Street analysts from pegging 12-month price targets on the S&P 500 as if there was an actual science behind what is nothing more than a “WAG.” (Wild Ass Guess).

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Source: http://econintersect.com/pages/investing/investing.php?post=201701082220

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