One way to improve your stock market forecasts is to revise them! Bespoke has a nice piece where they show graphically how Wall Street strategists just change their forecast when the market moves past them. Whether the market goes up or down here is immaterial—the forecast will be changed to accommodate the market. Investors might give credence to some of these forecasts if they didn’t know they were a moving target. Who knew stock market forecasting was so easy?
Source: Bespoke (click on image to enlarge)
