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Getting Ready For End-Of-Year Stock Market Predictions

Posted by Sean | Posted under Investing, Trading | November 6, 2008

No, I’m not getting ready to make them, I’m getting ready to ignore them!

Thinking back to January, IIRC, the bulls were saying Q1 would suck, Q2 would be flat, Q3 would be better… and Q4 would be the greatest quarter in the history of civilization. It sounded funny then. Now it is more tragicomic. Anyway, just as it is a good idea to brace oneself for economic realities in advance, I think it’s also a good idea to brace ourselves for a wave of economic predictions, so they do no sneak past the B.S. filter.

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2 Comments so far
  1. Miranda November 6, 2008 8:40 am

    I love predictions! Mainly because, really, it is almost impossible to predict the market. But it sure is fun to watch the “experts” try! The best you can do is say that — generally — the market gains over the long haul.

  2. Sean November 6, 2008 1:41 pm

    Oh, I enjoy the spectacle, too. So “ignore” was an improper word choice. I’ll probably glance at enough of them so that none of them have undue influence. *

    * exception = Barry Ritholtz and his contrarian commenters… they rock.