The 10 Dumbest Analyst Calls of 2008
Michael Shulman, January 1, 2009
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10.
"Our forecast is $149 a barrel for U.S. crude oil … .strong fundamentals were a more important factor than a strengthening dollar."
Aug. 20, 2008 Goldman Sachs (GS). Well, they only missed it by a $100 a barrel -- matches the rest of their performance this year. "Oops, sorry, oil will be $70 a barrel by year-end. And it could hit $50," said the same group of geniuses two and half months later.
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