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This just in, market predicting is a waste of time...


tede02
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http://www.forbes.com/sites/rickferri/2013/01/10/ts-official-gurus-cant-accurately-predict-markets/

 

This is a great study.  I used some of the data here in an annual presentation I give every January.  My favorite part of the article is the data on Jim Cramer's accuracy (or lack- there-of).  Sadly, a lot of people take his "advice".

 

Cramer is a smart guy. It's somewhat worth listening to what he says. It's not worth following him though.

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