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What Wall Street Misread

Stock quotes in this article: MSO , GOOG , BRKA , AIG , MBI , RNR , FBR , SVVS , C , BAC  

Get Jim Cramer's picks for 2006.

Another year didn't turn out like you planned? You're not alone.

On Wall Street, where conventional wisdom trades like currency and lasts half as long, 2005 made a fool of the crowd. Never mind the professional soothsayer class, which bungled calls on everything from Google(GOOG Quote) to oil. In 2005, even rational people were forced to sit dumbfounded as hucksters got religion, champions fell and Martha Stewart suddenly seemed boring. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,464.40 1,110.63 2,176.05 32.79
Oil *
77.05
UP
30.69
UP
4.98
UP
6.87
DOWN
0.38
10 Yr
3.28%
SPDR Gold
116.62
+0.29%
+0.45%
+0.32%
-1.15%
Data delayed 20 minutes

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