Rallying market makes mockery of efforts to forecast it [MSN Money]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
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Source: MSN Money
For any forecaster thinking of going public with a view on stocks, some advice: proceed with caution.Load ErrorDizzying swings are torching Wall Street predictions. In the latt, a two-day surge in futur is poised to sd the S&P 500 up 0% from its March low, pulling the gauge out of the bear market it reached March , at least technically. MSCI’s broadt measure of global shar may do the same.Pity anyone trying to stay on top of it. Wall Street strategists have revised and amded forecasts, all but helpls to value compani whose staff and customers have be ordered to stay home, or handicap the outbreak itself. Their views run the gamut from optimistic to dour -- at least among those who hav’t giv up.“I don’t think there is any edge anybody can have in predicting. This is one situation ev the most sior analysts have said, ‘I have no model, I have no insight in what could turn the market from here,’” said Michael Antonelli, managing director and market strategist at Baird. “Forecasts are jus
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