My news reader picked up this little piece this morning –
Bank of America Corp.’s Savita Subramanian yesterday joined Citigroup Inc.’s Tobias Levkovich and Bank of Montreal (BMO)’s Brian Belski in predicting the benchmark gauge for U.S. stocks will top the high of 1,565.15 set on Oct. 9, 2007. The rest of the 15 strategist Bloomberg tracks have yet to make a 2013 estimate.
I was going to write a piece on the fallacy of prediction but I have done that to death and a list of some of the things I have said over the years can be found here –
Call me lazy but I have outsourced this task today. However, if you are faint hearted look away now…….