Beware of market forecasting silly season

My latest at MarketWatch (and as I type this, it’s trending as a top story there):

Beware of market forecasting silly season

Here’s a taste:

We are now head-long into what my friend Josh Brown calls the ” silly season of forecasts .” Individuals and firms are talking about how they expect the economy and the markets to perform in 2013. Those outlooks can be helpful exercises and provide excellent food for thought. They can also be fun and entertaining.

Just don’t take them too seriously.