Will These Denizens Of The Investing Arena Prove To Be Right Or Wrong At The End Of 2016?
In an interesting follow-up to an article yesterday that described some of the risks inherent from following the herd, or Wall Street pros (‘Historic Look At Following The Herd Or Worse, The ‘Experts’, When Investing!‘), today we offer the predictions for the yearend 2016 stock market from 14 investing experts.
The experts 2015 yearend predictions are also included showing just how prescient, or not, these pros actually were (some of the 2015 yearend estimates were changed as the year went on*).
As a note the point of the article is not to highlight the miscues of the experts. Rather it’s to remind investors, regardless of what they are investing in, that they need to do their own due diligence before they ‘pull the trigger’!
As a point of reference the S&P 500 closed out 2015 at 2043.9.
Stock Market: 2016 Predictions And 2015 Results
2015 Estimate 2016 Prediction
Societe Generale 2,200 2,050
BMO Capital Markets 2,250 2,100
Goldman Sachs 2,100 2,100
Credit Suisse 2,225 2,150
Morgan Stanley 2,200 2,175
Merrill Lynch 2,200 2,200
JP Morgan 2,150 2,200
Citi 2,200 2,200
Barclays 2,100 2,200
RBC Capital Markets 2,325 2,225
UBS 2,225 2,275
Deutsche Bank 2,150 2,250-2,300
Oppenheimer 2,311 2,300
Fundstrat 2,325 2,325
*The ability to change predictions midstream, be wrong on a consistent basis and have little accountability for errors made are some of the things that make the professions of economist, stock picker and weather forecaster so desirable.Google+