Good article on the Australian showing how well the experts did last year.
The panel of experts (and a psychic) were asked at the end of 2010 to guess where the All Ords would close at the end of 2011.
The All Ords finished at 4136. So the collective wisdom of the experts were only wrong by... 28%On the index commodity and currency picks, our tipsters were too bullish on the local market -- in some cases way too much. On average the panel expected the All Ordinaries to finish at 5301 points, 9 per cent higher. Wilson was closest to reality at 4625 points, followed by psychic Simon Turnbull on 4990.
Gives you a frame of reference when you read about expert predictions for 2012!