The Business Insider presents a list of celebrity gurus whose predictions flunked badly.
The Business Insider writes,
Today marks the two-year anniversary of the bull market. In the past twenty four months, the S&P has nearly doubled, from 666 up to 1320.
During this period countless gurus have said it was a sucker's rally and told you to sell.
We hope you didn't listen to them.
Read it all here
My take: what is popular is mostly wrong.
More: wrong information+ inaccurate assumptions + misleading theories =misdiagnosis and subsequently wrong predictions or market actions.
If these people can't read the markets right, then how much more can they be relied on to prescribe the right policies.
