Here are some links to magazines and articles where intelligent highly paid brokerages predicted in 2007-2008(early) about the future of sensex ... Read them and enjoy the hillarious thing.. Someone said intelligently when asked to predict stock market.--- It will vary.. thats all.......... and of course the senior people who predicted 25k for sensex in 2007-08 still made their crore rupees salaries. The only people who lost jobs were the bottom of the pyramid people .
Lesson ----- It pays to be wrong when you are right at the top .
http://www.livemint.com/2007/12/05234016/Healthy-growth-likely-in-Asia.html
Lorraine Tan, vice-president and director of research, equity research for S&P, forecast a 10-15% growth in the Indian stock market by December 2008. According to Tan, valuations in Indian companies are comfortable, compared with other Asia-Pacific economies. Tan said Indian shares are not that overvalued (when compared with those in other countries in the region).
hahahha haha S&P I thought there are intelligent people there..... infact S&P will never ever even shortlist my resume for any interview because I am not good enough . Why dont they look at their top man .
http://www.business-standard.com/india/storypage.php?autono=308508
Goodness me all these people are big people. SBI , ICICI they are supposed to know the ins and outs of the market because of their long experience. But look at their performance based on what they said and what happened . If suppose you are an engineer and you are making a software application which in 5 months from now should behave and work in a particular way . If it doesnt happen the company throws you away . Simple . But here ...................... well you know what happens . Nothing .
Lesson ----- It pays to be wrong when you are right at the top .
http://www.livemint.com/2007/12/05234016/Healthy-growth-likely-in-Asia.html
Lorraine Tan, vice-president and director of research, equity research for S&P, forecast a 10-15% growth in the Indian stock market by December 2008. According to Tan, valuations in Indian companies are comfortable, compared with other Asia-Pacific economies. Tan said Indian shares are not that overvalued (when compared with those in other countries in the region).
hahahha haha S&P I thought there are intelligent people there..... infact S&P will never ever even shortlist my resume for any interview because I am not good enough . Why dont they look at their top man .
http://www.business-standard.com/india/storypage.php?autono=308508
| Two-thirds of the brokerages chose to play safe by predicting a 19,000 to 22,000 range for the Sensex in 2008. Two brokerage houses — SBI Capital Markets and Religare Securities — have forecast 25,000 for the index next year, which is a 30 per cent gain from the current levels. |
| ICICI Securities went a step further, predicting that the Sensex would be at 25,500 levels (a 33 per cent rise) at the end of next year. |
Goodness me all these people are big people. SBI , ICICI they are supposed to know the ins and outs of the market because of their long experience. But look at their performance based on what they said and what happened . If suppose you are an engineer and you are making a software application which in 5 months from now should behave and work in a particular way . If it doesnt happen the company throws you away . Simple . But here ...................... well you know what happens . Nothing .
Amit, the basic flaw in the whole model is that, these bankers make money when transactions happen (buy/sell) in the form of brokerage. And not when real value is created.
ReplyDeleteSuch irresponsible people are everywhere, only thing is in this sector, what they say and do have significant financial impact on the investors.