25 Jun '12, 1pm

Analysts – You win liao lor!

I wonder why there are so few analysts out there who can speak with conviction? Last Thursday, Goldman Sachs told investors sell the S&P 500 : Goldman Sachs says sell S&P 500 But after the “got dragon got phoenix” spiel, they have to spoil with it with their hedge: “Still they did add a few caveats. The S&P could pop or at least stay flat if the U.S. or Chinese economies start revving up or if European policy makers talk a big game about propping up the market.” It’s the same with technical analysts. We believe after breaking the immediate support of 2800 for STI, the index is likely to test 2740 in the near term. However, this view is negated if STI recovers to 2830. (I made this up but I am sure you have read similar spin) Hello? In the words of my Hokkien speaking friends: “You win liao lor! Everything also you say one. Human is you; ghost also you!” LOL! P.S. Analysts ...

Full article: http://thefinance.sg/2012/06/25/analysts-you-win-liao-lor/

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