If you ever leaned anything from the disgusting decline of 08, it should be "don't ever listen to professionals' predictions". ONLY REACT. If you listened to Warren Buffet's heroic speech and bought his predictions last year, you are in deep water right now and do not feel any patriotism any more.
Why it does not work? Simple, because you are not Warren Buffet. You are a small investor with limited capital and limited financial tools while he has billions of dollars at his hands that he can average down or deploy other methods to cut the costs down. So even if his prediction is wrong, he could still make it work. But you, you are dead when you have a fatal mistake.
So as a small investor, only way to survive a brutal market is to look at the charts and to react.
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