Devina Mehra: Diwali cleaning doesn’t stop at home—it’s time to clear your portfolio too
Bloomberg collected the data of index estimates versus their actual moves for the US market, where it is available in a structured form for the last several decades. These are from venerable banks and Wall Street firms like Goldman Sachs, Bank of America/Merill Lynch, Citigroup, HSBC, Deutsche Bank, etc, exactly the sort of organizations you listen to when their people appear on your television screen thinking they are “experts.”
