How Valuable are Market Predictions?

Bob Kargenian was quoted by Barry Ritholtz in his Bloomberg article, No Room for Feelings in the Market. The article discusses the tendency of market commentators to make predictions based on market sentiment. According to Bob Kargenian, “If you’re bullish and wrong, you usually have plenty of company. But if you’re bearish and wrong, it’s almost unforgivable.” Read Bob Kargenian’s full quote.