Nobel Laureate Neils Bohr once quipped, “ Prediction is very difficult, especially if it's about the future.” In a world filled with different predictions from dozens of news outlets and hundreds of commentators, Bohr has been proven pretty much spot on in his assessment of predictions. That's not to say predictions are useless. They are not useless. Predictions (or most of them, at least) are based on a fundamental picture including many variables. In the financial world, they often incorporate economic growth, unemployment, supply and demand, governmental policy changes and a host of other factors.
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