There are definitely good and bad monitors and good and bad monitor settings to go with it.
All monitors have one quality/characteristic that is really hard to ignore: every pixel is back lit.
Anything you see on a print is reflected light, whereas anything you see on a monitor is backlit - like a light-box.
It' hard for any print to compete with a back lit monitor or a large slide with a light-box behind it (like those big advertisements they have in the malls).
This dynamic makes a mess of the whole equation. However, with a some careful and frequent tinkering and calibration, you can at least establish a somewhat predictable relation to what you see on screen and on a print.
And we haven't even considered the printing process and the calibration of that equipment - which you have little control over...