I also “predict” that the S&P will not decline by 40% before August, as spelled out in the revised forecast.
Of course, if I am wrong it is because the market is delusional.
Absolutely. If the market DOES decline by a large amount then the predictor is RIGHT. However, if it doesn’t decline by a large amount then everyone else is delusional and the predictor is still RIGHT. Whatever happens, the predictor remains confident, correct, and the only sane person in the room. All others are morons, or lucky fools.
