Hot off the Press

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
User avatar
Topic Author
Toons
Posts: 13924
Joined: Fri Nov 21, 2008 10:20 am
Location: Hills of Tennessee

Hot off the Press

Post by Toons »

Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
User avatar
mephistophles
Posts: 3110
Joined: Tue Mar 27, 2007 2:34 am

Re: Hot off the Press

Post by mephistophles »

Toons wrote:Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"
I predict that the S&P 500 will end 2009 either higher or lower than 2008. I predict that it will not end the same.
chaz
Posts: 13604
Joined: Tue Feb 27, 2007 2:44 pm

Post by chaz »

crystal ball forecasting is like playing craps in a casino.
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page
User avatar
craigr
Posts: 2696
Joined: Tue Mar 13, 2007 6:54 pm

Post by craigr »

chaz wrote:crystal ball forecasting is like playing craps in a casino.
Craps has better odds.
IMPORTANT NOTE: My old website crawlingroad{dot}com is no longer available or run by me.
User avatar
LGRZEMKOWSKI
Posts: 60
Joined: Sun Dec 16, 2007 7:01 pm
Location: GREEN BAY, WI

Post by LGRZEMKOWSKI »

Toons
Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"
That means nothing!!! If I were in thier business I would put out garbage like that too. We would not want to cause a panic with all the potential credit issues pending in 2009 and 2010. To say nothing about the government spending trillions of dollars we don't have.

Larry G
User avatar
cato
Posts: 230
Joined: Thu Dec 20, 2007 7:39 pm
Location: Portola Valley, CA

Re: Hot off the Press

Post by cato »

Toons wrote:Just found this crystal ball forecasting @bloomberg

"Ten of the 11 investment strategists surveyed by Bloomberg expect the S&P 500 to rise next year. The forecasts range from a drop to 874 at Barclays Plc to a gain to 1,300 at UBS AG. The average is 1,056"
Ken Fisher is not my favorite guy (his reps keep hounding me). However, I think he had it right when he said when you look at all the strategists' predictions it's a fair guess the one outcome that none of them predicted will actually occur. So it will probably finish either at 800 or 1500.
Citigroup delenda est.
Post Reply