Wall Street's Strategists About As Good As Monkeys Throwing Darts

Published Friday, February 19, 2016 at: 7:00 AM EST

The Standard & Poor's 500 had its best week of 2016, gaining 2.8% in the four days of trading ended Friday, February 19.2016 has gotten off to a difficult start for stocks. The S&P 500 started the year at 2044 and closed Friday at 1918, about a 5% loss for the first seven weeks of the year.Last week's surge in stock prices could continue, or it may not. Predicting the next turn in the market is not what we do. It is what Wall Street's largest firms say they do, but they don't seem to be doing it very...

To Read the Full Story, Subscribe or

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

2024

    2023

    2022

    2021

    2020

    2019

    2018

    2017

    2016

    2015

    Insurance Review

     

    Book An Appointment

    Contact Detail

    Michael MacDonald Financial
    2300 Contra Costa Blvd Suite 175
    Pleasant Hill, CA 94523

    mikemac@thefinancialadvisor.org
    thefinancialadvisor.org
    Phone: 925-521-0110

    Follow Us