Missed By a Mile

D

dis

At the start of 2002, nine of ten Wall Street strategists incorrectly expected the market to rise this year. Only one, Douglas Cliggott, then of J.P. Morgan Securities, correctly forecasted a sharp decline and remains bearish today

S&P 500
Strategist Firm 2002 Target

Edward Kerschner UBS Warburg 1570
Thomas Galvin Credit Suisse First Boston*** 1375
Abby Joseph Cohen Goldman Sachs 1363
Jeffrey Applegate Lehman Brothers*** 1350
Tobias Levkovich Salomon Smith Barney 1350
Edward Yardeni Deutsche Bank* 1300
Steve Galbraith Morgan Stanley 1225
Richard Bernstein Merrill Lynch 1200
Thomas McManus Banc of America Securities 1200
Douglas Cliggott J.P. Morgan** 950
S&P 500 875

*Now at Prudential Financial
**Now at B&P Research Office
***No longer at the firm
As of 12/27 close

Source: Barron's
 
Quote from dis:

At the start of 2002, nine of ten Wall Street strategists incorrectly expected the market to rise this year. Only one, Douglas Cliggott, then of J.P. Morgan Securities, correctly forecasted a sharp decline and remains bearish today

S&P 500
Strategist Firm 2002 Target

Edward Kerschner UBS Warburg 1570
Thomas Galvin Credit Suisse First Boston*** 1375
Abby Joseph Cohen Goldman Sachs 1363
Jeffrey Applegate Lehman Brothers*** 1350
Tobias Levkovich Salomon Smith Barney 1350
Edward Yardeni Deutsche Bank* 1300
Steve Galbraith Morgan Stanley 1225
Richard Bernstein Merrill Lynch 1200
Thomas McManus Banc of America Securities 1200
Douglas Cliggott J.P. Morgan** 950
S&P 500 875

*Now at Prudential Financial
**Now at B&P Research Office
***No longer at the firm
As of 12/27 close

Source: Barron's
More...


..so? what's the point?
 
Quote from dis:

At the start of 2002, nine of ten Wall Street strategists incorrectly expected the market to rise this year. Only one, Douglas Cliggott, then of J.P. Morgan Securities, correctly forecasted a sharp decline and remains bearish today

S&P 500
Strategist Firm 2002 Target

Edward Kerschner UBS Warburg 1570
Thomas Galvin Credit Suisse First Boston*** 1375
Abby Joseph Cohen Goldman Sachs 1363
Jeffrey Applegate Lehman Brothers*** 1350
Tobias Levkovich Salomon Smith Barney 1350
Edward Yardeni Deutsche Bank* 1300
Steve Galbraith Morgan Stanley 1225
Richard Bernstein Merrill Lynch 1200
Thomas McManus Banc of America Securities 1200
Douglas Cliggott J.P. Morgan** 950
S&P 500 875

*Now at Prudential Financial
**Now at B&P Research Office
***No longer at the firm
As of 12/27 close

Source: Barron's
More...

Dis,

I have completely the opposite....

all the analyst I remember being interviewed on the financial networks earlier this year...

most predicted the market will have a down year. A few even said to Short the market.

In fact, they predicted next year will be a down year also.

My source of live television interviews are via CNBC, Bloomberg U.S. and Bloomberg Europe.

Then again...I'm a trader and my job is analyze the current price at the moment and not try to guess what the price will be tomorrow or next week.

NihabaAshi
 
Quote from NihabaAshi:

Then again...I'm a trader and my job is analyze the current price at the moment and not try to guess what the price will be tomorrow or next week.

NihabaAshi
More...

YES!!!

Very keen, NA...

One thing that struck my eye was AC:

Abby Joseph Cohen Goldman Sachs 1363

...while the rest of them are calling the S&P in 25pt increments, 'ol abby calls 1363...

i guess she thought she was pretty sharp...heh

abby, if you're reading this, i think you're a dipsh!t...
 
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