Dire predictions of imminent stock-market doom are a recurring feature since the 2008 financial crisis, and one fund industry executive has had enough.
Michael Cembalest, the chairman of market and investment strategy for J.P. Morgan Asset Management, rounded up apocalyptic predictions from a range of commentators, including famed investor George Soros, bond-market giant Jeffrey Gundlach, activist Carl Icahn and New York Times columnist Paul Krugman.
He then calculated the consequences of shifting $1 from the S&P 500 SPX, +0.10% stock market index to the Barclays Aggregate Bond Index, from the time of those “Armaggedonist” predictions.
More here – MarketWatch
There is a saying that fairly well sums up those who make predictions. Something along the lines of
“He has correctly predicted 17 of the last 5 recessions”