Stock Market Myths from Financial Planners Virginia
3 “Our economists are forecasting…” Hold it. Ask your broker if the firm’s economist predicted the most recent recession and if so, when. The record for economic forecasts is not impressive. Even into 2008 many economists were still denying that a recession was on the way. The usual shtick is to predict “a slowdown, but not a recession.” That way they have an escape clause, no matter what happens. Warren Buffett once said forecasters made fortune tellers look good. Financial Planning Virginia