Market Forecasters Are Like Blind Squirrels…

Earlier this summer, I tweeted a wonderful line from Brett Arends column, 25 things I wish I knew when I graduated from high school:



That led to a delightful column last week from Michael Johnston’s A Visual History of Market Crash Predictions.

Here are some of the more egregious calls, but the entire article is well worth your time to read:



Source: Fund Reference




Click for the full chronicle.

Source: Fund Reference

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What's been said:

Discussions found on the web:
  1. Iamthe50percent commented on Jul 20

    Eventually Harry Dent and Charles Nenner will be right. “Eventually” is sometime between now and 100,000 AD.

    • willid3 commented on Jul 20

      crash is always just around the corner. or next year or the year after that. never mind that they have been wrong so far. all it takes its one time to be right. sort of like those who predict the end of the world (last seen about 2-3 years ago.). course in that case being wrong just means you can do it again, being right means no one knows you were right

  2. btowers commented on Jul 21

    Were you fully invested in 2000? In real estate in ’07?

    If not, what is the difference? How was that not a forecast? Was it random luck on your part? Or you were a better forecaster?


    ADMIN: Just lucky . . .

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