Analysts
Starting to think these guys are just like the old snake oil salesmen with their lofty predictions of use their oil which will cure every thing that ails you , same think we see with stock value predictions going forward , blah, blah.
, blah ,blah, in 12 months out.
12 months later not much upward movement in SP. they then have another spiel etc.
Thats what it seems to me on a number of stocks I have held that they say have a glowing growth future, not many come to fruition and reach the predictions, then they give us their reasons why the stock is mired in mud.
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Re above post, yesterday 67 or 69 analysts guessed that the CPI numbers would decrease , today when the CPI numbers were released 67 or 69 analysts were, as per Squawk Box, "WRONG", CPI numbers increased.
WOW--experts my arrse !!
I rest my case.
regards