No one can forecast the future. But nowhere is forecasting more fashionable than on Wall Street
. Combine that with the fact that market
pundits and analysts
are rarely held accountable for what they say, and you have a recipe for outlandish commentary that really does not stand the test of time.
A list of particularly dumb remarks made by Wall Street insiders and prognosticators shows how dangerous it can be to rely on these sometimes self-appointed and self-interested "experts." You may want to take any of their future comments with a grain (or pile) of salt.