With several devastating and highly unpredictable events occurring this year, many market forecasters struggled in making the correct calls. Investors who made conservative bets did the best while the ones that made risky moves took in the most loses. With France and Germany coming into terms with a European crisis plan, US stocks soared today. However, the article goes on to mention that market volatility will most likely continue until the debt crisis in Greece is finally settled.
See Paul Sullivan "So Far, It's Been a Half-Empty Year for Financial Forecasters," New York Times (October 7, 2011).
Posted by Marc Tan, Associate Editor, Wealth Strategies Journal.
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