Stock Forecasters Who Held Fast During the Rout Look Wiser Now
- None of the prognosticators cut their year-end estimates
- ‘No deterioration in fundamentals indicated not much change’
Nomura's Liu Sees 2017's Return on Equity Hard to Beat
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It’s an investing cliche: don’t panic. Wall Street strategists didn’t, and their imperturbability is looking smarter by the day.
Amid the sound and fury of the U.S. stock market’s first 10 percent correction in two years, nary a peep was heard from forecasters. Not a single year-end forecast budged. Instead, calls to “buy the dip” grew louder. And one strategist even increased his estimate for 2018.