Nine of the Dumbest Statements Ever Made on Wall Street

By John Persinos
September 30, 2010

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.