First of all, we don't think any of these people are idiots. However, the incredible rally in the stock markets have made the bears and cautious bulls seemingly look like idiots. Certainly, this is what their clients must be thinking.
Markets have a way of doing this. And this is not the first time that Business Insider has looked at the strategists who missed the mark. Although the market only pierced the 13,000 psychological barrier for a few minutes, its steady ascent is in steep contrast to a number of bearish calls by some of the Street's best known and most vocal strategists, analysts, and economists.
1.JANUARY 2011: Adam Parker of Morgan Stanley Lowers S&P Price Target Drastically
2.December 2011: Goldman Sach's Economist David Kostin Sees 1100 to 1250 bound S&P 500 for 2012
3.December 2011: UBS's Chief Strategist Jonathan Golub Says He Is Would Not Be An Equity Buyer
4.December 2011: Barry Knapp of Barclays Capital Sees Tremendously Difficult First Half of 2012
5.November 2011: Barclays Capital Had Another Bear, Technical Analyst Jordan Kotick Who Believed The Market Was Completely Broken…
Wait, wait...there's more at http://www.businessinsider.com/the-idiot-maker-rally-a-monster-market-surge-is-making-these-folks-look-like-fools-2012-2
No comments:
Post a Comment