Should You Care About Wall Street Stock Market Predictions?
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Published Friday, January 14, 2022 at: 7:25 PM EST
Wall Street’s forecast for 2022 is for a 4% gain in the Standard & Poor’s 500 stock index. But what does that really mean? Should you care? The answer is “not so much.” Wealth management is not predicated on predicting the stock market’s performance over the next year. No one can reliably predict stock prices year after year and Wall Street’s no exception, according to this chart by independent economist Fritz Meyer. If the consensus forecasts by top strategists on Wall Street had been accurate since 2006, the red dots would all fall on the black line representing the S&P 500. Illustrating...
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.
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Should You Care About Wall Street Stock Market Predictions?
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