Wednesday, February 14, 2007

10 Stocks recommeded by Forbes

In 2000 Forbes made recommendation on 10 stocks that would last the decade. This article checks the performance of those stocks in 2007.

Here is a summary:
Company Returns since Aug-00
Broadcom -78%
Charles Schwab -51%
Enron Oops
Genentech 121%
Morgan Stanley 0%
Nokia -45%
Nortel Networks -96%
Oracle -53%
Univision -42%
Viacom Hard to explain

Only 1 of 10 company posted +ve returns. One company does not exist anymore.

This just goes on to show that even the so called experts cannot predict stock markets.

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