Being smart with $$ -- Wall Street projections: too little too late

Are Wall Street predictions worthless? Today Goldman Sachs lowered its estimate of where the stock market will end the year by about 5%. But this prediction is made AFTER the market has fallen 8% year to date. It may have been more impressive if they changed their predictions BEFORE the market fell. But if you still have faith, they believe the market is going up 6% from here before year-end.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com