For every market event you are always going to find someone who predicted it. People predict everything at every point in time.
Getting one prediction right doesn't prove anything. Getting a lot of them right also doesn't prove anything. No one has managed to show a streak of accurate predictions unless they silently purge their incorrect ones.
Humans have a tendency to focus on the successes and ignore all the failures. It's in human nature and it's very hard to avoid it.
Comments
For every market event you are always going to find someone who predicted it. People predict everything at every point in time.
Getting one prediction right doesn't prove anything. Getting a lot of them right also doesn't prove anything. No one has managed to show a streak of accurate predictions unless they silently purge their incorrect ones.
Humans have a tendency to focus on the successes and ignore all the failures. It's in human nature and it's very hard to avoid it.