“Prediction is very difficult, especially if it’s about the future.”
Niels Bohr, Nobel laureate in Physics
Reading the Tea Leaves
Investors at year-end are inclined to reflect on the 12 months gone and muse on what the coming year might bring. Aware of this appetite for speculation, the media tends to feed it with forecasts. These articles can be fun to read, but are even more so a year later.