Who (still) wants market forecasts?

Every January, it is a good idea to try to predict the future by asking ourselves what the new year holds. And, very often, these forecasts turn out to be wrong and have to be considerably revised afterwards. The best example of this trend is that of the journalist James Glassman who had published his book Dow 36,000 (while it was below 12,000 at the time of publication) just on the eve of the bursting of the dot-com bubble and the bear market of 2001-2002 and thus, like many others, largely served as a contrarian indicator.

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