All of the sudden these big banks are changing every prediction. They know they can't predict so they make changes to their forecasts throughout the year to make themselves look like they haven't completely gotten it 100% wrong. Changing forecasts at any time after a prediction target is made on any index should NOT be allowed...I dont care what the circumstances. Wall Street Is Souring on the S&P 500—Here's Where Forecasters See Stocks Ending the Year More than half of Wall Street's major stock market forecasters have slashed their outlook for the S&P 500 in recent weeks amid turmoil sparked by President Trump's tariffs. https://www.investopedia.com/wall-s...lysts-see-stocks-ending-the-year-now-11713991
Why are you listening to talking heads? They have no clue about the market or price direction. I got it right sitting in my basement in between gaming sessions while all these suits got it wrong sitting in their boardrooms.
They don’t even have $$$ track records. Their opinions aren’t better than my asshole. They don’t predict … they just extrapolate.
Just too funny. ....watch the s&p.surge to 6400 and watch them change their forecasts in October... Imagine getting paid hundreds of thousands a year to predict numbers that are always predicted wrong....
Spot on. A Random Walk On Wall Street had monkeys throwing darts that beat fund managers & investment bankers' predictions.
No one should be placing any value on those anyway (other than amusement). If someone hasn't learned by now...
Just to play the other side: Weathermen shouldn't be able to change their forecasts, no matter how much conditions have changed. If they promised sunshine and a hurricane is actually coming, we are going to the beach, no matter what!
If the economic conditions drastically change due to alterations in political business policy then why should forecasters not change their outlook for the S&P 500? Let's take for example -- a politician gets elected who drastically changes trade policy immediately when they are installed in office. Let's label him "cheeto" for this analogy. Cheeto starts a tariff war with wide-scale high tariffs causing economic repercussions across the entire globe. The high tariffs limit economic growth while causing major public companies to reduce sales and profit projections while encountering of higher costs. Why shouldn't analysts reduce their S&P 500 forecast for the year in this economic storm impacting nearly every company -- all of it related to cheeto's poor and continually changing policy?