REPORT CARD TIME - IS IT GUESSING OR ADVICE?
Every year there are articles written, by various publications, which allow the “Biggest” financial firms to prognosticate (guess/predeict) as to year end S&P 500 levels. On one hand, this is a fun exercise in seeing how accurate people are in the predictions, HOWEVER - what if YOU are LISTEMING to these “Guru’s/Geniuses/Advisors” and take their advice and build YOUR portfolio according to WHAT THEY PREDICT?
It would seem a report card that examines year over year PREDICTIONS AND RETURNS would be very helpful.
Since the financial press lives to provide
MEANINGLESS INFORMATION that only confuses …
WE at SMART STRUCTURE will do it FOR YOU.
AFTER ALL - IF SOMEONE HAS AN ABILITY TO CORRECTLY PREDICT THE FUTURE
YOU SHOULD ABSOLUTELY FOLLOW THEIR ADVICE!!
We are here to remind you that NO ONE HAS THAT ABILITY!!
That’s why a SMART STRUCTURE
THAT WINS IN EVERY MARKET
IS THE CORRECT SOLUTION!!
An excellent article written by Jonathan Levin for Bloomberg, published December 22, 2023 at 7:00 AM EST in Bloomberg titled:
“US Stocks Go High When Strategists Go Low”,
Levin wrote an eerily accurate premonition …
“Forecasters don’t see much upside for the S&P 500 in 2024,
but some … best returns have come ... when soothsayers least expected them.”
He followed that up with another excellent read from January 2, 2025 at 5:00 AM EST in Bloomberg titled:
Stock Bears Are Going Extinct. Time to Worry?
Strategists who got 2023 and 2024 wrong are
extrapolating equity market strength into 2025.
Recency bias can mislead.
OK …… I’LL ASK THE SIMPLE QUESTION:
WHO IS ASKING FOR ADVICE FROM
PEOPLE THAT CONSISTENTLY
GIVE SUCH BAD ADVICE??
THIS REPORT CARD CLEARLY ILLUSTRATES THAT:
FOR 2023 YEAR END GUESS …… ONE FIRM WAS CLOSE (WITHIN 10%) OF THEIR PREDICTION!
FOR 2024 YEAR END GUESS …… NOBODY WAS WITHIN 10% OF THEIR YEAR END PREDICTION!
