Just saw an article: Goldman Sachs: No stock market gains in 2016
No one can predict the market... Here are some of their predictions from 2014:
1) Gold will decline significantly
I call bullshit! Gold is at $1,073, never approaching Goldman's target, and finished the year essentially flat, down just about 3%.
2) Oil will be at $90 in the 1st quater of 2015
Bullshit! Its way below 50% of what they predicted
3) Brazil will win the world cup
I think you will know what I'm gonna say.. yea BS
The financial media is rife with predictions and punditry, as that helps sell investors, but rarely do analysts take the time to look back on the accuracy of their predictions. Moving price targets on items such as oil prices makes doing so even more difficult as each prediction seems to be subject to further review. This should remind investors that in the financial markets, there are no true "experts" who know with certainty what will happen in the future.