This chart is particularly interesting:
Basically it shows that analysts change their earnings forecasts after the market has started deviating from the trend.
As a side note, the weekly newsletter from John Maudlin (from this site) is excellent.
Tuesday, April 8, 2008
How good are analysts?
The Investor Insight website has an interesting study that shows that analyst earnings forecasts basically lag the actual forecasts.
This chart is particularly interesting:
Basically it shows that analysts change their earnings forecasts after the market has started deviating from the trend.
As a side note, the weekly newsletter from John Maudlin (from this site) is excellent.
This chart is particularly interesting:
Basically it shows that analysts change their earnings forecasts after the market has started deviating from the trend.
As a side note, the weekly newsletter from John Maudlin (from this site) is excellent.
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