The Value of Predictions, or Where'd All This Rain Come From?

To be valuable, a prediction of stock or bond market movements not only has to be right, it has to be right when the consensus is wrong.

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Bibliographic Details
Published in:Financial analysts journal 1993-11, Vol.49 (6), p.6-8
Main Author: Marks, Howard S.
Format: Article
Language:English
Subjects:
Bond market
Drought
Earnings
Economic forecasts
Employment forecasting
Financial investments
Forecasts
Gross national product
Guest Speaker
High yield investments
Interest rates
Investors
Junk bonds
Portfolio performance
Prices
Probability forecasts
Profit forecasting
Profits
Securities markets
Stock exchange
Stock prices
Stocks
Trends
Citations: Items that cite this one
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Description
Summary:To be valuable, a prediction of stock or bond market movements not only has to be right, it has to be right when the consensus is wrong.
ISSN:0015-198X
1938-3312
DOI:10.2469/faj.v49.n6.6.2