“The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith,
Economist and Author
Market Forecasting is a Folly
Market Forecasts are Consistently Wrong.
Following Them Can Hurt Returns.
1 Source: Wall Street Journal Publications. From 1999 through 2005, numbers reflect Dow Jones Industrial Average forecasts. In 2006, the S&P 500® Index was used exclusively. Past performance is not a guarantee of future results.