If you’ve ever browsed through the financial pages of your newspaper or spent some time watching the various financial news channels, you will know that there is no shortage of experts willing to give their opinions on the markets. However are these opinions really valid, and are they worth listening to?

Well in my experience it really isn’t worth taking too much notice of these opinions because ultimately the fact that is no-one can be 100% sure about the future direction of the market. There are a small number of people who’s opinion is very highly regarded, and who get it right far more than they get it wrong, but on the whole you should ignore most of the opinions given.

This is because if you’re not careful these opinions will effect your investment decisions. For example in recent days the FTSE 100 was trading down in the 4800’s and everyone in the media was talking about death crosses on the major indices, poor economic data and the threat of a double dip recession. However at the end of the week the FTSE had rallied strongly over several days and is now above 5100.

I personally was accumulating lots of cheap shares in quality companies such as Shell, Unilever, Lloyds and Barclays (and sold them all a few days later). However many people will have been put off buying any stocks because of all these negative views on the markets. Worse still, they may have sold some or all of their shares at the bottom of the market because they were influenced by these gloomy predictions put forward by the so-called experts.

The fact is that you should make your own mind up on where the market is likely to be headed based on fundamental and/or technical analysis, and try to block out all the other opinions put forward. As long as you start buying shares when they are seriously undervalued, for example when the company is trading at a very low P/E ratio, you should make money in the long run.

I myself have been trading and investing in stocks for many years now and I rarely read the financial pages of the newspapers or watch Bloomberg or CNBC, for instance, because I don’t really care what other people have to say about the markets.

The point I want to get across in this article is that no-one knows where the markets are heading, so it really isn’t worth paying too much attention to what the experts are saying. They have all got it wrong in the past, and they will all do so again in the future. If the Tadacip markets were easy to predict, then we would all be millionaires, but sadly they’re not.

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Category: Finance/Investing
Keywords: shares,stocks,stock market,stock market experts,investing,investing tips,market analysts