Why long-term Sensex targets resemble a house of cards
The only function of economic forecasting is to make astrology look respectable those are the words of one of the famous economists of the 20th century John Kenneth Galbraith. Sometimes though, stock market pundits try to find their place in the quote, replacing economists, with overly aggressive Sensex and Nifty targets for the long term. Crystal-ball gazing is fun and might also give a perspective, but when it comes to making predictions that can influence peoples decision with their hard-earned…
