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Strategies & Market Trends : CNBC - Market information OR Market Manipulation
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To: Ann Corrigan who wrote (15)4/17/2000 1:17:00 PM
From: Ann Corrigan   of 19
 
OT: Analysts

Enjoyed your observations on analysts. I have watched Wall
Street Week religiously for 20 years. Has anyone else noticed
that each week Louis gives halo's to the elves who correctly
predicted the market direction 3 months (I think?) prior, and
most of them were/are wrong....less than half, maybe
consistently less than 1/3, get halos.

One would think for the big bucks these guys make, that most
of them would be right most of the time. Louis is a pretty
smart guy...I wonder why he keeps it up...maybe its kind of a
perverse joke for him, wondering when the rest of the world
will catch on, and in the meantime, continuously highlighting
the embarassingly poor performance of the elves.

Of course, he interviews 3 of them each week...I wonder why I
bother to listen, knowning they are usually wrong??
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