Bloomberg: “Strategist Short Squeeze Is On. Investors Beware.”By datatrekresearch in IN THE NEWS
Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:
.... "Here’s how DataTrek Research co-founder Nicholas Colas (a former sell-side stock analyst covering autos) described the challenges of projecting stock prices in a very sage and candid research note last week:
Estimating earnings to within +5/-5 percent is typically not all that difficult, but valuing those results is very hard indeed. Markets are rarely static, rewarding or punishing sectors and stocks based on macro issues as much or more than company-specific fundamentals depending on where we are in a given cycle. Institutional investors know all this, which is why most will tell you that analysts’ price targets are the least useful number Wall Street publishes"....
Full article here on Bloomberg.