Shocker: Stocks defy expectations
Stocks have outpaced Wall Street forecasts to an unprecedented degree this year. It almost always works the other way around.
Stocks have outpaced Wall Street forecasts to an unprecedented degree this year. It almost always works the other way around.
By Joshua M. Brown, Guest blogger
I want you to take a moment to think about this - never before in my entire career have stocks outpaced the forecasts of Wall Street strategists to the degree to which they have this year.聽 It's almost always the other way around, forecasters' outlooks much rosier than what the indices have actually been able to deliver.
This is pretty historic, now I've seen everything...
From Bloomberg:
We've come to expect The Street to always be more optimistic than market realities, what can we infer from the fact that this paradigm is now flipped upside down?聽 Any thoughts?