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Below are some cautious forecasts from prominent people, made while the buyout business was booming.
Companies that exceeded expectations last week but issued cautious forecasts traded lower again yesterday.
The National Weather Service, on the other hand, takes plenty of blame when its cautious forecasts seem retrospectively unwarranted.
Although Microsoft is known for overly cautious forecasts, its stock plunged 3.3percentt on Friday, wiping out the gains from the dividend announcement.
Bovis also said this morning that it had achieved its profit targets for the first half of 2007, but analysts were concerned by its cautious forecasts for the rest of the year.
By contrast, OPEC prefers to make cautious forecasts for oil demand fearing that prices could plummet if it pumps more oil and demand does not rise fast enough to meet it.
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Caterpillar hurt the Dow industrials when it issued a cautious forecast.
She says the government would make a cautious forecast of revenues.
Shares of Pfizer fell 2.31 percent after the drug maker reported a smaller-than-expected fourth-quarter profit and offered a more cautious forecast.
American Eagle, whose namesake chain targets 15- to 25-year-olds, was similarly cautious, forecasting profit for the current third quarter that was below analysts' estimates.
An analyst with the Telsey Advisory Group, Joseph Feldman, said that given the economic slowdown, providing a cautious forecast near Wall Street's expectations was "perfectly fine".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com