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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Gottfried who wrote (47620)6/6/2001 3:02:09 PM
From: Donald B. Fuller  Read Replies (1) of 70976
 
Hi Gottfried

"Over the same period (through last week), the S&P 500 gained about 75%. The best of the Wall Street firms — Credit Suisse First Boston — managed a return of just 7.63%, a breathtaking level of underperformance that should have every client who follows such research flocking to an index fund.< [snip]"

Also confirming my own impression...again leading to my search for an analyst contrary indicator measure. We need to identify and exclude the top two, then we've got ourselves a perfect contrary indicator, IMHO...

These two are gone - They're the top two overachievers...
1. Credit Suisse First Boston 6.86%
2. A.G. Edwards 4.33%

Here then, is our contrary indicator list...
3. Salomon Smith Barney 0.88%
4. Merrill Lynch -1.57%
5. Morgan Stanley -2.76%
6. UBS PaineWebber -4.87%
7. Prudential -5.47%
8. Goldman Sachs -6.03%
9. Bear Stearns -6.21%
10. Lehman Brothers -7.03%

Gottfried, can you chart these firms' up vs downgrades relative to AMAT and follow that along for awhile? I still think there is contrary predictive power here if we properly harness it..

Don
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