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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%3:59 PM EST

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To: willcousa who wrote (47630)6/6/2001 11:51:02 AM
From: michael97123  Read Replies (2) of 70976
 
3 ways to read analyst numbers
1. they exist for institutional advantage at the expense of retail clients
2. Firm trading profits using pre-knowledge of analyst calls
3. Herd mentality--no one analyst wants to go out on a limb
and 4. combo of any of the above

Its unbelievable to me that not one firm even approached S&P results. It boggles the mind. I guess this is what Bogle saw with mutual funds as well when he started pumping Index Funds.
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