“Prediction is Hard… Especially About the Future”
This famous quip — variably attributed to physicist Niels Bohr, baseball legend Yogi Berra or Hollywood producer Samuel Goldwyn — reminds us that we humans are a funny lot.
In ancient times, humans predicted the future with animal entrails. Today, if you want to know your lot, you may scan the astrology section of the newspaper. And since predicting the stock market is the “holy grail” of investing, you do the same by reading the latest market forecasts of your favorite investment guru.
But here’s the elephant in the room.
For all of our relentless commitment to divine the financial markets’ future in the year ahead, the annual forecasts you’ll read are no more reliable than asking a ouiji board.
That’s why I’ve decided that the only prediction I’ll be making for 2014 is one that I know will be 100% accurate.
Read more about how you can deal with all the predictions for the market in 2014 at Eagle Daily Investor.