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A comment on Dow Falls 2997 points worst drop since 1987 crash. Parent comment
You're right, there's a lot of research that goes into the forecasts. What I meant was the results are no better than guessing.
>They would have likely been right
I would have likely been right about every forecast I've ever made if it wasn't for unexpected things happening.
Covid19 had started in China in November, when the forecast was made. How did they account for it in their models? "It won't matter" was a huge miss.
How about this one?:
"According to Goldman Sachs, Brent and WTI crude oil spot prices could average $63 per barrel and $58.5 per barrel, respectively, in 2020."
We're at <$30. I mean, they correctly anticipated the breakup of "OPEC+", but blew the forecast tremendously.
https://marketrealist.com/2019/12/oil-prices-outlook-goldman...
You can endlessly Google examples. My point isn't that I'm better, but that Goldman Sachs' predictions are nigh worthless. And that's before taking into account any conflict of interest.
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You're right, there's a lot of research that goes into the forecasts. What I meant was the results are no better than guessing.
>They would have likely been right
I would have likely been right about every forecast I've ever made if it wasn't for unexpected things happening.
Covid19 had started in China in November, when the forecast was made. How did they account for it in their models? "It won't matter" was a huge miss.
How about this one?:
"According to Goldman Sachs, Brent and WTI crude oil spot prices could average $63 per barrel and $58.5 per barrel, respectively, in 2020."
We're at <$30. I mean, they correctly anticipated the breakup of "OPEC+", but blew the forecast tremendously.
https://marketrealist.com/2019/12/oil-prices-outlook-goldman...
You can endlessly Google examples. My point isn't that I'm better, but that Goldman Sachs' predictions are nigh worthless. And that's before taking into account any conflict of interest.