Brace for negative returns in 2018

Predicting stock markets is a futile exercise. You only need to compare historical predictions versus actual market movements to come to this conclusion. When bulge bracket investment banks and powerhouse economists with their multi-factor models of staggering complexity get them wrong more often than right, should the rest of us even bother trying to predict markets? No, we shouldn’t. At least not to time entries and exits. In preparing for battle, I have found that plans are useless, but planning is indispensable – Dwight Eisenhower Replace “plans” with forecasts, “planning” with forecasting, and “indispensable” with “mildly useful”, and that’s how

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