Neville is writing about predicting the markets. Are the markets predictable? What were people predicting in 1930 and 1940, and were those predictions accurate?
I was researching these questions and I came across a paper by Felix Stalder, a PhD Student at the University of Toronto, entitled The Nature of Financial Networks. It’s an interesting paper about the markets and the history of globalization, among other things. Be sure to check out the section on the forecasting of markets.
Updated May 17, 2011 and originally published March 26, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
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Predicting the market is pretty much impossible, but IDENTIFYING TRENDS is slightly more possible.
Generally the higher level a person is, the earlier they can spot a trend. I know people who very early on spot trends in real estate, stock etc. because of their broad knowledge of an area.
The hard part about market trends is actually ca$hing in on them by identifying the right stocks.