Why the Experts are wrong so much
Is it just me, or does it seem that the experts are getting it wrong much more often? From the election of Donald Trump to the call that crude oil was going to $20 a barrel, it seems that the experts continue to make the wrong call at the wrong time. The media delights in finding an expert to bolster their case when something dramatic happens and with the advent of 24-hour news, there is more demand for more experts. Maybe our expert pool has just gotten diluted? Or maybe they were just never that good and we didn't notice.
This article is one of my favorites of 2016; a group of experts predicting in a Feb. 9 article that the market was poised to drop much further for the year. In point of fact, that S&P 500 made it's low for the year just 2 days later on Feb. 11, 2016 and moved up almost 20% from there.
Business Advisor
8 年If you watch CNBC today you will see "experts" predicting the stock market is about to fall and others predicting we are on the verge of a large move up. One word - Clueless!