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Is The Next Move For The S&P 5,500 or 5,000?
Today 12:54 pm
Hold on a minute....Fuelman » 8 minutes ago » wrote: ↑ S&P 500 (INX) 5,522.16market open • as of Apr 25, 01:22 PM EDT+37.3
Not a big deal, the experts are wrong all the time.
Economists' predictions aren't always accurate, especially when it comes to long-term forecasts. A study by the University of California, Berkeley, found that forecasters were only correct 23% of the time, despite expressing 53% confidence. Some economists have struggled to predict recessions accurately, with one study showing that only five recessions were predicted by a consensus of economists between 1992 and 2014.
Short term predictions suck also!
Yes...it hit 5,500, but almost entirely on the strength of Grifty's swift capitulation.
Experts linking capital markets performance to Grifty gyrations haven't been wrong, the dynamics have become more clear.
Grifty will be dickwhipped, not by the Chi oms directly, but through their manipulation of Grifty's subservience to the S&P, and bond vigilantes.
It is now less likely that Grifty will be able to escalate to get his way...that has taken the most dire predictions off the screen.