Many people have often tried to predict the future of the stock market and how Wall Street behaves. While some might have succeeded luckily or through their skills, there are many people who waste thousands of dollars every year to predict the behavior of stock markets but fail miserably.
Predicting the stock market is not that easy a ball game. It needs a vast amount of resources at ones disposal and many a times, these methods and resources range from legal to highly illegal ones also for which the penalties are too severe to succumb. These semi legal approaches are fortunately or unfortunately not accessible to the majority of investors and so prediction is next to impossible. What is more practical and possible than actual prediction is estimating and assessing the probability of an event that is capable of happening. For example, the current oil crisis could have been accurately estimated that it would occur, but predicting the exact nature was impossible.
So if you are an obsessive stock market investor it is best that you follow the three basic principles traditionally – the buy, sell and hold approach. It will be rewarding for you portfolio in the long run.