Analyzing the Fiscal Cliff Outcome

http://newsdoors.blogspot.com/2013/01/analyzing-fiscal-cliff-outcome.html

Analyzing the Fiscal Cliff Outcome

With some amusement, our office gang watched the parade of pundits today.

In general the media focus was on everything that was wrong with the deal, mostly based on the idea that  spending was not slashed.  Those interviewed included nearly everyone who was wrong in predicting the actual outcome.

Astonishing!
Imagine that ESPN interviewed all of those who called the Cowboys over the Redskins last weekend.  "What is your next great call?"

Few of the analysts seemed to grasp the nature of compromise:  Hated by all!

This is something that we have highlighted for months.  Perhaps the problem is that so few people got it right, so the producers could not find good subjects for interviews.  [Hint:  Check here or here or here.]

The attention has smoothly shifted to the next challenge.  For many mistaken investors, this makes them feel like they were right, even though the facts show otherwise.

http://newsdoors.blogspot.com/2013/01/analyzing-fiscal-cliff-outcome.html