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Friday, November 22, 2024

CHART OF THE DAY: The Idiot-Maker Rally

Making it on someone’s idiot list – the problem with trying to predict stock prices based on actual measures of value. – 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.

idiot-maker rally

 

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