The second half of fiscal 2018 promises to be a period of positive surprises

It has been seven years that the market analysts (forecasters) started with a very high earnings growth estimate at the beginning of the year, only to eat humble pie as they downgraded the numbers during the course of the year. It is but natural for investors to stop believing the forecasters. While I agree with the investors’ reaction, I also empathise with the forecasters who have been dealt bl...