No Vision, Big Gain

How a once well-known brokerage firm miscalled the '90s but still whipped the market

If Nostradamus were alive today, his job would be safe, at least from the misguided futurists on Wall Street. Exhibit A is a gutsy little tome penned 10 years ago called A View from the Year 2000. As a device to forecast the '90s, Shearson Lehman Hutton looked back on a decade that hadn't yet happened. The first thing you notice in the report, though, isn't some way-out prediction--it's that the names Shearson and Hutton are about as familiar to investors today as were Dell and Cisco to analysts a decade ago--which is to say, not very.

A lot can change...

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