I have wanted to write about these so called Stock Market Experts for so long.However, never got around writing about them because come to think of it, they are so darn funny that i fail to write about them.
I could probably write about a book about this topic but for starters have a look at this headline.I am sure the qoute below (source) will give you an idea as to why i hate these so called research firms who dole out their stock market predictions.
See Sensex range of 13000-22000 for 2010: Credit Suisse
I mean common.Do i really need to be an expert to give that prediction.On top of that coming from a reputed financial firm like Credit Suisse.I mean, a kid can make a prediction like that.With a huge range of 9000 points, i would rather kill myself if anyone can go wrong.I do understand that the Indian Stock Markets touched the 8k levels too but then that was a one off downfall caused by the U.S. Economy Crash to a certain level.
With the markets doing 16k levels, i could make a much better prediction with a closer range for that matter.
See Sensex range of 14000-20000 for 2010 : Getting Money Wise
Beat that now! Until another major calamity hits the market or a mad bull rally happens, i am sure the markets are not going to well within the range that i have given.To top of it, i did not have to do any research for that.A random number selection did that for me and yes, the range i gave is better than the folks at Credit Suisse 🙂
PS: I am not trying to malign Credit Suisse here, it stands true for the truck loads of stock market experts out there.I mean with the kind of Ivy League whizkids that they hire, the least they can do is give meaningful predictions.A 9k range prediction is way over hilarious.