Fast_Money: 10 Stock Market Myths ---#8

Monday, August 9, 2010

10 Stock Market Myths ---#8

"Our economists are forecasting . . ." Hold it. Ask your broker if the firms economist predicted the most recent recession and it so when.

The record for economic forecast is not impressive. Even into 2008 many economics were still denying that a recession was on the way. The usual shtick is to predict "a slowdown, but not a recession." That way the have an escape clause, no matter what happens. Warren Buffett once said forecasters made fortune tellers look good.

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I hope you will learn from my years experience as a professional trader.

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Monday, August 9, 2010

10 Stock Market Myths ---#8

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