The danger of using history as a guide for future economic and stock market predictions is that the events that have the greatest impact on the economy and stock market are often unprecedented and cannot be predicted based on historical data. Although historical data can provide some insights into how the market has behaved in the past, it is often outdated and does not take into account relevant structural changes. Investors who rely too heavily on historical data are more likely to miss transformative events and underestimate the impact of tail events. Therefore, the correct alternative is e) I, II, and III are correct.
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