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This says it better than anything i could come up with:
Nov 16 17:11 pm
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All Comments by Urbane Gorilla! »100% Yields on Ecuador Bonds: A Sign of the Times [View article]
As Mr. Kirkpatrick notes in referring to David Dreman's research which studied 78,695 earnings forecasts by analysts over a 20 year period from 1973 to 1993 only 1 in 170 forecasts were within 5% of any four consecutive quarter's actual earnings. Why do we continue to rely on such speculation?
jegan ;-)