Thursday, August 4, 2011

Why you cannot trust financial analysts

Yesterday on CNBC, fund manager Barton Biggs just yesterday said that the market is set to climb 7-9% and rally going forward.


And like a child who was caught with stolen candy in his pocket, Biggs today on Bloomberg TV came out and said he was wrong and that his guess... and thats ALL these analysts can ever do is GUESS... was not only too early, but now he has NO IDEA on when the bottom may come in.

All we can say for Barton Biggs, Jim Cramer, and any other meaningless talking heads.


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