It turns out that almost all of Wall Street got its forecasts for 2012 wrong. Bloomberg has put together a synopsis of some of the worst prognoses made by active managers for last year – well worth a read if you are considering making any predictions yourself! Click here for the full story.
“And you thought 2011 was tough?” So went the headlines in December as media and market pundits, reflecting on a miserable year, saw no respite for investors in 2012. But markets have a funny way of confounding expectations.
To be sure, the reasons to be anxious were piling high as the year turned, with European politicians dithering over how to tackle a tottering mountain of sovereign debt, policymakers in the US running short of options, and emerging