One problem with trying to predict stock prices based on actual measures of value is that that can land you on the idiot list. Missing a sizable chunk of the rally is another problem. – Ilene
CHART OF THE DAY: The Idiot-Maker Rally
Courtesy of Joe Weisenthal and Kamelia Angelova at Clusterstock
The Dow’s rally off the March lows has made plenty of smart people look like total idiots. Time after time, anyone with the guts to call the top has been made a fool of. We put these calls in a gallery, but here’s another way to visualize just how bad this has made people look.
