Economists are much better. They don't claim to predict future. They study different scenarios, conjure interesting theories and see if they can help the world grow.
Investment analysts on the other hand - no one knows what they do. They have complicated formulas, jazzy excel spreadsheets, floating tickers and they issue some advise. Most often arbitrarily is my guess.
Look at this Merrill Lynch statement. We all know that the markets are down and future is uncertain. So what is so great about ML making a comment about a gloomy future?
Why is that these overpaid highly greedy super egoistic investment analysts not able to predict the bubble bursting? Or the fact that their loans and their own instruments will go under?
Why is that Merill, which is predicting grave market scenario for next 12 months, not able to predict that it itself was en route to its grave?
Stop it Merill. You got Lynched.
Investment analysts on the other hand - no one knows what they do. They have complicated formulas, jazzy excel spreadsheets, floating tickers and they issue some advise. Most often arbitrarily is my guess.
Look at this Merrill Lynch statement. We all know that the markets are down and future is uncertain. So what is so great about ML making a comment about a gloomy future?
Why is that these overpaid highly greedy super egoistic investment analysts not able to predict the bubble bursting? Or the fact that their loans and their own instruments will go under?
Why is that Merill, which is predicting grave market scenario for next 12 months, not able to predict that it itself was en route to its grave?
Stop it Merill. You got Lynched.
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