BTW, I definitely think that, in terms of holding their feet to the fire, analysts should be in a database (web-enabled, of course), with performance ratings, just like the stock universe, so we can just weed 'em out by RS.
Only thing worse than manipulative analysis (not that all analysts or their analysis is self-serving or manipulative - one has to be forgiving and realistic and not paint everyone with the broad brush) is the individual broker who plays the game of selling you, one-on-one, his pile of sh*t with a happy story of gains ahead. (Sorry, getting flashes from the past). A list of brokers with full-scale ratings from "walks-on-water" down to "slimy, silver-tongued snake-in-the grass devious bastard" would be appropriate. One might guess that I might have some sweet candidates for the bottom rung. (Ahh, that was good to get some of the bile out of my system).
On a happier note, am thankful for the peer-sharing and the SI infrastructure and the web in general for changing/leveling the investment playing field, giving the individual investors information and power.
George |