{"id":39809,"date":"2015-01-24T09:44:25","date_gmt":"2015-01-24T14:44:25","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39809"},"modified":"2015-01-24T09:44:25","modified_gmt":"2015-01-24T14:44:25","slug":"why-large-bank-forecasts-are-rarely-correct","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-large-bank-forecasts-are-rarely-correct","title":{"rendered":"Why Large Bank Forecasts are Rarely Correct"},"content":{"rendered":"<p>I made this short video discussing some of the reasons the headline forecasts for large Wall Street banks are rarely correct. The question you should ask yourself is why do they continue to make them? Most investors are attracted to confidence and certainty. Banks can project these two things partly by stating matter of factly the market will be at X price at the end of 2015 or interest rates will by at Y in 2016. Providing this sense of confidence allows them to continue to keep and gather investor assets which is a large part of their business.<\/p>\n<p><iframe loading=\"lazy\" class=\"wistia_embed\" src=\"\/\/fast.wistia.net\/embed\/iframe\/vwqupx0nb6\" name=\"wistia_embed\" width=\"608\" height=\"342\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async=\"\"><\/script><\/p>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I made this short video discussing some of the reasons the headline forecasts for large Wall Street banks are rarely correct. The question you should ask yourself is why do they continue to make them? Most investors are attracted to confidence and certainty. Banks can project these two things partly by stating matter of factly the market will be at &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/why-large-bank-forecasts-are-rarely-correct\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4275],"class_list":["post-39809","post","type-post","status-publish","format-standard","hentry","category-steven_spencer_steves_blogs","tag-bank-forecasts","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Large Bank Forecasts are Rarely Correct | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/why-large-bank-forecasts-are-rarely-correct\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Large Bank Forecasts are Rarely Correct | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I made this short video discussing some of the reasons the headline forecasts for large Wall Street banks are rarely correct. 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