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26Kermy t1_j8n05zw wrote

It looks like the majority of predictions through the years are people just believing the current trend will continue and then changing their opinion when the market changes.

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PM-me-your-moods t1_j8p333y wrote

I don't think so. Consider that the prediction comes out well in advance of the actual market change. I think the behavior of investors is driven by the prediction which sets off a self-fulfilling prophecy.

1