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Stock Market Forecast Advice

Stock Market Forecast Advice

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Understand Why Forecasts Go Astray

If you look back at some of the forecasts made at the beginning of a new year and how they turned out today, you will find that some turned out not to be true. Forecasting is a “best guess” to put in bluntly. There are a few factors that work against a predictable outcome such as:

· Calls in the extremes
· Inconsistencies
· Reactions to current fluctuations

Many forecasters are conservative in their predictions while some make extreme calls in the low or high-end of the performance spectrum.…