Posted on: Friday, April 10, 2009 6:40 PM EST
Before you read this post you must
read the 2008 forecasts from these same analysts. These "experts" (there are few new magicians this year) projected a bull run for the markets in 2008. After you read the post regarding what these "experts" said for 2008 click the image below to see the full PDF for 2009 and be amazed as the magicians "get out the crystal ball, roll the dice, shake the magic 8 ball" and divulge all their wisdom.
There are a few people missing this year. Just to name two: Ian Scott from the former Lehman Brothers is missing as well as Jonathan Golub from (you guessed it) a company that was called Bear Stearns. These people did not see what was coming for their own company let alone the entire stock market.
Bob Doll of BlackRock fame is one of the "experts" mouthing off for 2009. I subscribed to the free Bob Doll daily market recap for this past year. I have to dig up those PDFs. All year long Bob Doll was pumping up that the market would rally later into the year. He was so far off that I thought he would dig a hole somewhere and hide out for a while, but nope here he is give us his valuable opinion for 2009.
Some of these "experts" projected the S&P 500 would close out 2008 around 1,725 about 50% from where it stands as of this post. I am shocked and amazed that so many of these people still have their jobs even more amazed that they would open their mouths and give a projection for 2009. This "professional analyst" segment of the stock market is an absolute joke.
Click the image below to see the full PDF.
