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Jul 20

Great to know these guys are paid a fortune

Strategists June 2011 forecasts for the S&P/ASX 200
Deutsche Bank 6250
UBS 5800
Citigroup 5500
Goldman Sachs 5375
Macquarie 5068
JP Morgan 5000
Morgan Stanley 5027*
Credit Suisse 5000*
Merrill Lynch 4500*
Average 5302 points

Source: AFR 1 July 2010.

*December 2010 forecasts – no June 11 forecasts provided

With such variance amongst the so-called leading strategists in this country, I’m sure you can throw the proverbial dart at the dartboard and have just as good a chance as picking where the ASX200 will be in the next 12 months. Oh well, I’m sure they all sound impressive when they explain how they come to their guaranteed incorrect estimate!

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