ML's decision re:their analysts prohibited from holding shares in the companies they cover = biggest JOKE I've ever heard!
Merrill's new policy aims to "strengthen investor confidence in the process analysts follow," said Andrew J. Melnick, director of the Wall Street giant's global securities research and economics division
Honestly, does anyone believe that the buying/selling pressure comes from that one little analyst? Let's get real; it all comes from above, as in: "Listen you, we just underwrote/purchased a truckload of shares of Company XYZ & you're issuing a "sell" recommendation???? Do you like your job?? Good, now go back, use some creativity, & convince all the suckers out there that this is a screaming BUY."
Scam of the century, all IMHO, of course |
