Stock Market Predictions From a Broken Record
The following was originally posted by my friend Rick Kahler. I share his sentiments exactly. I hope you enjoy it……
For investors, happy days have been here so long that it’s beginning to seem surreal. The United States stock market is at all-time highs; we have low unemployment rates and solid company profits. The big question is, “What will happen in the near future?”
It’s a question that no reporter has asked me for years. The reason is simple. When it comes to predictions for the US stock market, I am a boring, broken record. There is nothing exciting, stupendous, or scintillating in my predictions. They are always the same.
If a reporter did interview me, here’s how the conversation might go:
Q: What are your predictions for the US stock market this year?
A: If there are more buyers than sellers it will go up. If there are more sellers than buyers, it will go down.