DislikedTime is of the essence, its a given that these guys will only release their views once they have opened their positions. Dopey opened a thread that described this kind of thing, by the time an analyst has released his outlook then the majority of players have already made their move.
If you can come come up with the same trade idea before the analyst opens his mouth, then he's to thank for your profits, sinse the ones who paid attention to his analysis are pushing price's in your favour.Ignored
Leon and Dopey, you guys are so far off the mark with this, sorry.
Let's take someone like Hans Guenter Redeker (BNP Paribas) as an example....
In August 2008 when Cable was at 1.97 he was saying 1.65, which it fell to by October 2008.
In October 2008 when Cable was at 1.59 he was saying 1.40's handle which it fell to in January 2009 (and lower).
In October 2008 when Eur/usd was at 1.35 he was saying he expected a fall. 10 days later Eur/Usd was at 1.23
In October 2008 when Usd/Jpy was at 98.00 he was saying he expected Yen to appreciate, it was at 87.00 by December 2008.
In June 2009 when Eur/Usd was at 1.40 he was saying he expected it to top out around the end of the quarter around 1.45/1.48 followed by a significant move lower by year end. The first part was correct, the second part has yet to play out.
In June 2009 when Cable was at 1.66 he was saying 1.70/1.72 but that it wouldn't be sustainable. Cable went to 1.70 by August then fell to 1.61.
In August 2009 he was bearish on Cable when it was at 1.70, a month later it was at 1.61.
......I could go on and on citing some excellent fundamental analysis from his team, all broadcast in advance, with perfect opportunities to take advantage of the levels he predicted, it was never too late or after the event.
No-one is suggesting anyone follows this analysis blindly but you have to take into account it's source, these are the people who move the markets.