Are Economists and Market Stategists Next?

We don’t want to make light of the loss of life but we find this story incredible.  Prison for Italian scientists for getting the L’Aquila 2009 earthquate wrong, which left 309 people dead.

Six Italian scientists and a government official have been found guilty of multiple manslaughter for underestimating the risks of a deadly earthquake in the town of L’Aquila in 2009 that left 309 people dead. Judge Marco Billi on Monday sentenced all seven members of Italy’s Major Risks Committee to six years in prison for failing to warn the population of the risks just days before L’Aquila and surrounding towns were hit by the earthquake. The members were also ordered to pay court costs and damages. Claudio Lavanga reports from L’Aquila.   AlJazeeraEnglish

Imagine if we held economists and market gurus accountable for their predictions or lack thereof, such as missing a recession or bear market?  Not sure what’s more difficult —  predicting an earthquake or where the S&P500 will be next year.

Let strategists and bloggers beware!

(click here if video is not observable)

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