MAMOKETE LIJANE: The market tea leaves seem to be brewing up good news
In an opinion piece published in this newspaper, Sasfin Securities strategist David Shapiro made the point that financial markets exist to make a mockery out of forecasters, and that if you want to trash your reputation in this market, make a forecast (“The reputational risk of making forecasts (../2021-05-07-david-shapiro-the-reputational-risk-of-making-forecasts/)”, May 7).
As a long-time reader of financial market “tea leaves”, I am sad to say he is not wrong. In this business you are almost always wrong. I have found it more fruitful to try to discern how the moving parts relate with one another than to predict where they will eventually go...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.