Markets supposedly went up today because Goldman Sachs upgraded India and told the world that it expects a Nifty target of 7,600 for 2014.

When you hear this, you think that Goldman Sachs drives our market. I think they largely pick figures up from where the sun don’t shine. It has NO idea where markets will actually go, so let’s look at its past “estimates”.

If Goldman could get things right one year ahead, they wouldn’t be telling you what their estimate is.

Just remember that when you’re itching to not be left behind. There’s a sucker born every day, and there’s a slot open for tomorrow.

Related Posts Plugin for WordPress, Blogger...