Dr. Doom - Show 4-1

Tuesday, November 29, 2011 6,201 views

The market gurus are at it again, predicting the future and stirring up the emotions and feelings of investors. Dr. Doom (Nouriel Roubini, New York University Professor of Economics) is in the news this week sharing his 2012 outlook. Mark Hebner and Tom Cock pop the investment guru bubble by looking at the prediction accuracy of CXO Advisory Group’s guru list. In order to beat the market, a market guru has to be correct 74% of the time, but the highest percent of accuracy among these gurus is 68%. Hebner’s advice is to forget about listening to these market gurus, look at the long-term trends of stocks over an 83-year period, and consider the Efficient Market Theory.

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