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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.

4 thoughts on “Prediction Nonsense! No One Knows!

  1. Today was a perfect example, CNBC was predicting a significant move down for the S&P500 and wondering whether it would reach a 10% correction from the mid-Sept high…but, didn’t happen. This was a prediction in the morning based on futures activity – not 3-6 months in the future when all kinds of crazy events can occur.

    You are so right – who knows?!?!

  2. Eventually, to actually make money, one has to make a market call- even if it’s merely to say “the current trend is in place” the criticism of the clueless perfectly fits your definition of ‘mental masturbation’.

  3. When asked for a prediction, he says, “That’s difficult to say, BUT…” and then goes on to predict anyway.

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