Zacks has been pretty accurate when it comes to EPS guidance, off by only a couple cents. Therefore, Zacks has been accurate when it comes to predicting the micro-economic trend; one can hardly fault them for not being able to predict the macro-economic trend.
For instance, production began its expected dramatic increase (part 1 of the Perfect Storm) in Q2, but the PoG (a critical part of the Perfect Storm scenario) has been getting hammered by macro-economic forces, so the Perfect Storm might be downgraded to a really impressive storm front.
"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." -- Thomas Jefferson
