Courtesy of a somewhat recent John Mauldin piece, we see that analysts have been far off the mark in their ability to forecast earnings.
They were way off in 2008:
(click to enlarge)And you can bet 2009 will be no different, as already evidenced by the continual slide in their estimates.
(click to enlarge)You would think that at some point, analysts would get the picture and face up to reality. That said, we respectfully ask: Are these guys on meth?!
