Monday, September 19, 2011
Wall Street Optimism Fades
Just read an article in the WSJ talking about how after months of high forecasts for the year end value of the S&P 500 Wall Street Analysts are now cutting them back. What is funny is why this matters. If we can't predict where the market will be in 10 minutes how can we predict where it will be in 3 months. Also, if you have followed some analyst all year who was predicting a great year for the market what do you do now?