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Investing and personal finance
SF1900:
All of these posts prove one thing:
These so called expert investors know absolutely nothing about trends.
It’s all guess work.
loco:
--- Quote from: SF1900 on February 07, 2023, 04:16:56 AM ---All of these posts prove one thing:
These so called expert investors know absolutely nothing about trends.
It’s all guess work.
--- End quote ---
Eggxactly!
Wall Street’s dirty secret: It’s terrible at forecasting stocks
December 28, 2022
"Last year, Goldman Sachs analysts predicted that the S&P 500 would close out 2022 at 5,100 points. Morgan Stanley predicted a more bearish 4,400. The S&P 500 closed on Tuesday at 3,829.
No major analysts predicted last December that this year would (likely) be the worst for US stocks since 2008, that oil prices would shoot from $70 to $130 and then careen back to $70, and that the Federal Reserve would announce four straight historic three-quarter point interest rate hikes.
This year, forecasters are set to miss the mark by their widest margin in about 15 years, according to FactSet data. They’re on track to have overestimated the performance of the S&P 500 in 2022 by nearly 40%.
Market analysts are great at explaining what drives stocks in the short-term, but predictions clearly haven’t been their cup of tea – nor should they really matter to investors. The S&P 500 has good years and bad years, but long-term investors know that it typically works out in the end: The return averages out to about 10% per year for nearly the last century."
https://www.cnn.com/2022/12/28/investing/premarket-stocks-trading/index.html
IroNat:
The Buffett Indicator suggests that the US stock market is Overvalued
The current ratio of 170% is approximately 32% (or about 1.0 standard deviations) above the historical trend line, suggesting that the stock market is Overvalued relative to GDP.
https://www.currentmarketvaluation.com/models/buffett-indicator.php
IroNat:
S&P 500 PE Ratio
https://www.multpl.com/s-p-500-pe-ratio
Gregzs:
How to Avoid Common Home Buying Mistakes
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