Legendary Wall Street forecaster Bob Doll is having his best year

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Chuck JaffeSun, Jul 27, 2025, 8:03 PM 7 min readLegendary Wall Street forecaster Bob Doll is having his best year originally appeared on TheStreet.Stock market prognosticators are wrong so frequently that observers can rightly wonder if they’re making forecasts using the oldest soothsaying methods, drawing pebbles from a pile, dropping hot wax into water, using random dots on paper or, of course, trying to find something magical in numbers.Yet at the start of every year – and again at the midpoint – countless market watchers take their crack at divining the future, mixing educated conjecture, informed hunches and the occasional WAG (wild-ass guess).Related: Veteran analyst drops updated stock market forecastMeasured just about any way possible, most of those projections are wrong.CXO Advisory Group analyzed more than 6,500 forecasts—using methodologies ranging from fundamental to technical analysis—made by 68 experts on the U.S. stock market from 2005 through 2012. The investigation found that the accuracy of the forecasts was below 47% on average.That loses to a coin flip.Robert "Bob" Doll, releases stock market and economist predictions every year. Those forecasts are proving prescient in 2025.Bloomberg/Getty ImagesBad calls tend to be forgotten quickly, as soon as a forecast is updated based on new information. Winning picks are lionized and celebrated, even though the expert may have less staying power than a bull market rally.Wall Streeters sometimes call the tendency to place too much trust in a guru who made the most recent good call the “Elaine Garzarelli Effect.” Garzarelli made her reputation as a Lehman Brothers investment strategist by urging clients to get out of the stock market the week before the Black Monday crash in 1987.That call made her one of the most widely quoted strategists on the Street, but it was also the pinnacle of her success. Whether it was brilliant prescience or dumb luck may be argued forever, but she never really duplicated that success.Garzarelli failed to generate much interest when she tried running mutual funds and a call on stocks being 25% undervalued late in 2007 as the global financial crisis was looming, further dimmed her star.While old-timers remember her name – she runs Garzarelli Research and her newsletter suggests that she is currently bullish on small- and mid-caps plus transportation stocks – she is like many one-time stars, known more for one right call than for being right consistently over years or decades.One Wall Street analyst who hasn’t shied away from forecasts -- and has a stellar track record -- is Bob Doll, chief executive and investment officer at Crossmark Global Investors.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,432.25 +9.50 (+0.15%)Dow Futures45,071.00 +59.00 (+0.13%)Nasdaq Futures23,544.00 +52.75 (+0.22%)Russell 2000 Futures2,272.50 +3.20 (+0.14%)VIX15.03 +0.10 (+0.67%)Gold3,314.50 +4.50 (+0.14%)PortfolioSign in to access your portfolioSign inTop gainersSCLX Scilex Holding Company 15.52 +3.56 (+29.77%)STEM Stem, Inc. 18.91 +3.92 (+26.15%)NEGG Newegg Commerce, Inc. 39.08 +4.77 (+13.90%)LYEL Lyell Immunopharma, Inc. 13.73 +1.31 (+10.55%)SMCI Super Micro Computer, Inc. 60.05 +5.58 (+10.24%)Top losersCHPT ChargePoint Holdings, Inc. 9.91 -2.30 (-18.85%)ALB Albemarle Corporation 74.77 -8.97 (-10.71%)MCRB Seres Therapeutics, Inc. 13.24 -1.29 (-8.88%)KB KB Financial Group Inc. 78.40 -7.51 (-8.74%)RVTY Revvity, Inc. 95.04 -8.63 (-8.32%)Most activeNVDA NVIDIA Corporation 176.75 +3.25 (+1.87%)TSLA Tesla, Inc. 325.59 +9.53 (+3.02%)WBD Warner Bros. Discovery, Inc. 13.70 +0.21 (+1.56%)INTC Intel Corporation 20.68 -0.02 (-0.10%)LCID Lucid Group, Inc. 2.7900 -0.1300 (-4.45%)Earnings eventsTrending tickersSRPT Sarepta Therapeutics, Inc. 13.86 +1.93 (+16.18%)VAPE CEA Industries Inc. 57.59 +48.71 (+548.85%)SMCI Super Micro Computer, Inc. 60.05 +5.58 (+10.24%)BMNR Bitmine Immersion Technologies, Inc. 35.11 -4.69 (-11.78%)CLS Celestica Inc. 173.37 +3.15 (+1.85%)Top economic events