In short: their predictions are worthless. This is just a short selection of their mistakes:
Why should I pay any attention to stock market pundits when there is a much more dependable tool? The Robot Investment calculator was right when the gurus were wrong. This is what it was saying on the same day John Hussman predicted a 40-55 per cent market meltdown:
Let that sink in.
The delinquency rate on business loans keeps falling. This is clearly a good news:
Better yet, the delinquency rate on all loans has been falling since Q4 2009. The next recession is not in the making yet.