The thing about market predictions, analyst recommendations and broker price targets is that they are pretty much always wrong.
I don’t mean that in a harsh way. But the market is totally unpredictable in most cases.
Sure, it may generally go up overall because the major indices are aggregations of the largest companies. They become the largest companies because they do well so people buy their shares. And because people buy their shares the price goes up. And because the price goes up so does their market capitalisation. And, because they have the highest market cap they are included in the top stock market index like the FTSE 100. However, if they start to underperform they are kicked out and replaced by a better company. It’s a very efficient system really.
Anyway, most predictions are wrong because there are simply too many moving parts. Just look at Brexit or Trump. No one really has a clue what’s going to happen, because large market moves are based on the outcome of many political and economic events.
But, what you can predict is what will happen to the market based on the result of these events. You just can’t predict the results.
So enter, CFD Broker Saxo’s Outrageous Predictions, it’s a great tongue-in-cheek look at what may happen if certain “crazy” events may occur.
In the 2019 collection:
- Australian central bank launches QE on housing bust Down Under
- Corporate credit crunch pushes Netflix into GE’s vortex
- IMF and World Bank announce intent to stop measuring GDP, focus instead on productivity
- EU announces a debt jubilee
- Prime Minister Corbyn sends GBPUSD to parity
- X-class solar flare creates chaos and inflicts $2 trillion of damage
- Germany enters recession
- Global Transportation Tax (GTT) enacted as climate panic spreads
- Trump tells Powell ‘you’re fired’
- Apple ‘secures funding’ for Tesla at $520/share
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Richard started the Good Broker Guide in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.