The BUY-BUY-BUY mantra of these guest analysts spouted
on CNBC would be humorous if we investors hadn't lost so much money. Checking the stats, one now realizes that 98 percent of all stocks mentioned were BUYS with a paltry 2 percent SELLS.
I wonder how this differs from the internal "buy/sell" ratings these broker/analysts have??
I can't remember the last time I saw a brokerage report that included more sells than buys...
In fact, unless we're talking about hedge fund analysts, we HARDLY ever see a brokerage go lower than "hold", or "neutral" on a stock, and that is usuallly stated as "source of funds" rather than sell.
So it isn't just CNBC, but ever wall street name-brand brokerage that had us going for a ride....
Let's never forget that broker is nothing more than another name for a salesman.
On that note, I would like to see more hedge analysts on the show, and more money managers who's portfolio trading stategies are similar to what the audience is interested in. Forget the Battapaglias, the Tice's, or those with a consistent bent/bias, bring on more folks who deal not only with fundamentals, but also technical analysis.
I miss John Murphy... But John Bollinger helps to make up for it.
The news is supposed to educate people as to the events that are shaping their lives. Maybe its time for CNBC to spend a bit more time with investor education, and how to sort the diamonds from the dirt.
Hawk |
