This is a great chart which shows that “experts” cannot only not predict the future of stock prices or Fed rates but also add commodity prices to that list. Check out this chart of oil forecasts versus actual returns for some color on this topic…
If you think you can forecast the price of oil, quit fooling yourself.
If you think you can forecast the price of oil, quit fooling yourself. pic.twitter.com/2ff1zlXCuO
— Chasing_Value (@Chasing_Value) February 14, 2016
