More Than a Half-Century of Treasury Yield-Curve Data Offers an Ominous Warning to Wall Street
Over lengthy periods, Wall Street is an undeniable moneymaker. But over shorter time frames, directional movements in the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) are unpredictable and impossible to forecast with any true accuracy.
Nevertheless, this doesn't stop investors from using various economic datapoints and predictive tools to forecast what's to come for the Dow Jones, S 500, and Nasdaq Composite. The thing is, these forecasts don't always offer the rosiest of outlooks for Wall Street.
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Source Fool.com