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News Link • Economy - Economics USA

CHART OF THE DAY: We Haven't Seen Wall Street Analysts Herding Like This Since 1986

• Business Insider

Because there are so many variables to consider, you'd think these estimates would have a pretty wide dispersion.

However, the dispersion of these estimates tends to be pretty tight. And for Q4 2013, the dispersion is at its lowest level in nearly three decades.

"The average estimate dispersion for S&P 500 companies ticked down in 4Q to 7% from 8% last quarter, the lowest reading since 1986 and below the long-term average of 18%," sad Bank of America Merrill Lynch's Savita Subramanian.

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