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Well, every year , the analysts repeat the same talk and nothing materialized as always. The stock market made of human sentiment, you can predict the scientific effect based on mathematical models and physics, but you can never predict the human behavior and thinking . The traditional thinking said the PE should be equal to the growth rate, but in the new years, new thinking may say that the PE should be 4 times of growth rate or 10 times of growth rate depending on differrent industry. Anyway, I do not blame the analysts to make a prediction every year of this time to show his investors how good or profgessional he is , well, nobody will remember what the analysts were predicted at the end of the year, and the analysts can predict anything they wanted to at the begining of each year, anyhow , those analysts were not binded to any legal responsibility if the are proved to be wrong at the end of the year. Well, I can also give you some prediction , and what do you like to hear ? |
