Market Review and Trends
Why You Should Stop Believing in Market Outlook
By Dr Wealth  •  February 22, 2014
CXO Advisory did a very bold and lengthy study on prediction accuracy in the financial markets. They collected 6,582 Wall Street predictions between the period of Dec-98 and Dec-12. How well did the gurus fare in aggregate? Drum roll please…. The gurus were accurate with 46.9% of their predictions! It seems like we are better off flipping coins to decide the direction of the stock market. Below is the chart from CXO Advisory: http://www.cxoadvisory.com/gurus/   The table below shows the individual guru’s prediction performance.
Guru

Forecasts

Accuracy

Guru

Forecasts

Accuracy

David Nassar

44

68.20%

Trading Wire

69

47.80%

Ken Fisher

120

66.40%

Don Hays

85

47.10%

Jack Schannep

63

65.60%

James Stewart

115

47.00%

David Dreman

45

64.40%

Richard Band

31

46.90%

James Oberweis

35

62.90%

Jim Cramer

62

46.80%

Steve Sjuggerud

54

62.10%

Gary D. Halbert

93

46....

...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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