Experts Say-
History is full of stories detailing the failed predictions of esteemed experts in a particular field of study or endeavor.
On October 20th, 1929, the noted Yale University economist Irving Fisher declared that “stock prices have reached what looks like a permanently high plateau.” Nine days later (October 29th, 1929) “Black Tuesday” arrived; the stock market crashed and America and the world were plunged into the worst recession in history.
I found this story today to be amusing and a gentle reminder that my personal views regarding markets and trends are my best guess. Tomorrow’s reality is frequently different than today’s predictions.
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