Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Goldman Sachs’ Nifty 7600 “Target” is Just a Load of Bull


Markets supposedly went up today because Goldman Sachs upgraded India and told the world that it expects a Nifty target of 7,600 for 2014.

When you hear this, you think that Goldman Sachs drives our market. I think they largely pick figures up from where the sun don’t shine. It has NO idea where markets will actually go, so let’s look at its past “estimates”.

If Goldman could get things right one year ahead, they wouldn’t be telling you what their estimate is.

Just remember that when you’re itching to not be left behind. There’s a sucker born every day, and there’s a slot open for tomorrow.


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial