At the end of each year, the extremely-well-paid analysts of the world’s leading investment banks issue their projections for the S&P 500. You can be sure of two things:
- The projections will all be bullish;
- None of them will come true
In spite of this, the banks continue to pay them huge salaries, mainly to keep the gullible investing public fully involved in the “markets” so they can keep skimming those sweet, sweet fees. It’s worth paying some dude a million bucks to lie for you if you can make a billion in return.
Here were the useless and inaccurate guesses from last year:
Or, alternately, you could hang out on Slope with your fellow traders and actually work with meaningful and helpful analysis. I’m glad you’re here.