— Warren Buffett I had a tough time Googling older articles from the beginning of the year on where the top global banks were predicting the US stocks — represented by the S&P 500 index — to end up at the end of the year. After clicking past a few pages of search results, I finally managed to find an article published in The New York Times at the end of January when markets were down by 5.3%. Then, many experts called for a rebound of a positive 15% by the end of 2022, or about 40% higher than where we are right now.
The original version of this article first appeared in The Business Times. "Forecasts usually tell us more of the forecaster than of the future."
— Warren Buffett I had a tough time Googling older articles from the beginning of the year on where the top global banks were predicting the US stocks — represented by the S&P 500 index — to end up at the end of the year. After clicking past a few pages of search results, I finally managed to find an article published in The New York Times at the end of January when markets were down by 5.3%. Then, many experts called for a rebound of a positive 15% by the end of 2022, or about 40% higher than where we are right now.
— Warren Buffett I had a tough time Googling older articles from the beginning of the year on where the top global banks were predicting the US stocks — represented by the S&P 500 index — to end up at the end of the year. After clicking past a few pages of search results, I finally managed to find an article published in The New York Times at the end of January when markets were down by 5.3%. Then, many experts called for a rebound of a positive 15% by the end of 2022, or about 40% higher than where we are right now.
