Sort of related:
One of the most classic, inane spin lines I've ever heard was made not by an analyst, but by RON INSANA on CNBC. About a year ago, a well known analyst (I can't remember exactly who it was... Sorry) was on, touting a stock, claiming that the numbers were going to be phenomenal, the company's future looked great, it was a steal at these levels, etc. A couple days the later, the stock announced impossibly bad earnings, and from what I recall, a reverse split. Anyway, investors who listened to this quack and bought it were outraged. They complained to CNBC, threatened to sue. Insana went on the air and defended the guy, saying "People just have to read between the lines."
Just thought I'd share that one to lighten things up a bit. |
