Is the stock index forecast correct or not?

According to Tejarat News, the stock market has gone through difficult days over the past two years, and most of the old and new shareholders in this market have lost.

Some shareholders believe that they entered the stock market with the support of the government. Others say that the encouragement of experts and their vain hopes led them to increase their capital.

Now stock market experts have come to the conclusion that one should not buy with the comments of others, but each person should be trained. But a question arises here why, despite these stock market experts, they talk about the status of the index and the buying and selling of stocks on their daily web pages?

Elias Payamkordi, a stock market expert, tweeted about the futility of forecasting the stock market index and advised shareholders: “Just count yourself. “No one is your savior in the financial markets.”

“Six months ago, a stock exchange news agency asked 19 investment managers, fund managers, brokerage CEOs and market brand experts to forecast the index,” he wrote. Interestingly, not a single person correctly predicted! ‌ »

This tweet caused many market participants and shareholders to react to the issue of whether the stock index forecast is correct or not. Most of the experts who reacted to this issue predict the overall index in conversations with various media, but believe that this method is wrong!

Is the index prediction wrong?

Peyman Molavi, an economist, wrote in response to a Kurdish message: “We announced a floor from the beginning of the year, which was true, but I wish people would not work with the index at all and work on the authenticity of today’s companies.”

Reza Khanaki wrote in this regard: “Predicting the index has no value like divination and is inherently valuable and can ultimately reflect the view of people on future trends. It has nothing to do with the Iranian market and this is what I do outside of Iran. Learn for a thousand years, this statement still does not matter, so the result is that you take education seriously. “

Hossein Khazli Kharazi, a capital market expert, wrote: “Personally, for 10 years, I have not provided any forecast of the market, industry and share to anyone, especially the respected media! “Because I made mistakes many times and sometimes irreparable!”

What is the use of the stock index?

Users also reacted by writing: “So why do all experts predict the index? “What good is an index when all the shares are red and it is green for itself?”

“Sir, the index is not correct, so everyone says that the index became something today ??”

“Experts, like us people, do not have the right soda and they look at what has happened and say about it.”

Many users reacted to this issue, addressing the experts and asking if they are against the forecast of the stock market index, why are they doing this? Isn’t that wrong?

It seems that many shareholders do not trust the experts’ predictions due to the distrust and prefer to enter the market with their knowledge.