The Greatest Farce On Wall Street

It is an exercise that plays out every quarter with great fanfare. It is also a process to which the largest firms on Wall Street dedicate significant resources. And it serves as a primary information source that many experts and the media cite in valuing the market and projecting its future performance. It is the analysts’ earnings estimate game. And it is arguably the greatest farce on Wall Street.

Please click on the link to read more of my article on Seeking Alpha.

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