Sometimes you have to diary these things for a few years and revisit them:
Markets Showing ‘Extreme Similarities’ With 1929 Crash: Pro
CNBC.com, Tuesday, 19 Mar 2013 | 8:53 AM ET
“Investors should remain on the sidelines and wait for a market correction as a 4-year rebound comes to an end, Sandy Jadeja, chief market strategist at SignalPro said on Tuesday.
Jadeja said the current market cycle showed “extreme similarities” with the 1930s.
“If you take a look at the patterns which repeat themselves through the years, they are re-emerging. So what it’s suggesting is: it isn’t all good out there,” he said.
When this forecast was made, the S&P500 was at 12% lower. Add in 2 years of dividends, and this money-losing attention-seeking prediction cost anyone who followed it about 16%.
Never forget this simple truism: Forecasting is marketing, plain and simple.