GYC Insights
Articles on real-life financial issues written to educate and enlighten.
The Failure of Market Predictions - Part 1
In early 2016, as the stock market was correcting in earnest, market pundits and economists all but proclaimed the end of the current bull market. How did they get it so wrong?
Forecasting - Getting You Nowhere Since 1970
Jason Zweig best described forecasting as an attempt to predict the unknowable by measuring the irrelevant. Unfortunately, that is what almost all financial institutions in this world are set up to do.