SEE THE SHOWN, NOT WHAT YOU WANT TO SEE

This is a classic example of what we see through the lens of our Bias and Opinion. The person making the first chart superimposes current chart with 1929 great depression chart and forecasts a huge dip.  

At the same time, the second person superimposes Nifty current chart with 2009 chart and forecasts a huge rise.  

Both of them are seeing what they want to see. Both of them have different baggage’s of open positions, opinions and biases. Hence, both are right in their perspective. Unfortunately, only one will be proven right at the cost of the other.  

To be on the right side of the tide, one should observe data with an unbiased and on an open mind so that the data gives you the direction rather than the other way round. This approach allows one to be on the right side of the tide and also do a quick course correction in case of being caught on the wrong side.  

“My approach works not by making valid predictions but by allowing me to correct false ones”

– George Soros