Sunday, October 12, 2008

The analyst and his forecasts

The analysts are a shameless lot.

Their forecasts have been proved wrong time and again, still they don’t hold back. Wonder who pays them to dish out muck!

Goldman Sachs? Its analysts earlier predicted crude will touch $200 a barrel. It slid to $80 levels. Thank the consumers that lowered their demands. Now they guess it to touch $50 a barrel. Should we be scared it will climb back to $100 plus…?

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