The WSJ is very negative on FMG in most of its articles.To gauge...

The WSJ is very negative on FMG in most of its articles.

To gauge their credibility and that of other expert analysts, the best way is to check their research and see what they said when Fortescue was on the way up.

Surprise, surprise, they said pretty much the same then as they are saying now. So I guess they were right after all, pity about the billions lost by those who took notice then.

There are a lot of sour grapes with Fortescue. Many big influential brokers kept their clients out of what turned out to be the biggest story in the history of the ASX, bar none. A fortune was lost by many who stayed away. Those people are probably quite happy to see some pain for others now.

A cynic would say that in the current market environment it is safe to predict doom and gloom, because if they are wrong, their prediction will soon be forgotten in the euphoria of a rally. So they have nothing to lose and everything to gain by being negative.