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Strategies & Market Trends : Rande Is . . . HOME

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To: lifeisgood who wrote (52800)	6/28/2001 8:30:13 AM
From: Rande Is	Read Replies (2) of 57584

That is all I hear whenever I turn on the TV LIG. . . Well, perhaps we hear what we want to hear or what triggers our fear mechanisms. Last year we heard upgrades and encouraging reports and hype up until about December. . .when it was clear that we were headed toward a recession of sorts. Then the sentiment shifted toward the hype of gloom and doom. . . .which is what we were discussing, as it is the dominant message we bulls have been hearing the past 6 months. But then that fear-factor kicks in. . . long-term bulls are going to key off messages of long-term gloom and doom. . . and tend to forget those in agreement with them. Likewise, long-term bears will key off messages of improving economics, upturn and recovery and tend to forget those in agreement with them. So I'd say this matter leans toward psychology. Consequently, I should qualify my statement of "what you won't hear very often " with "ahead of a capitulation phase". In other words, analysts paint gloom and doom until retail investors finally sell out for good, then after all their employer's top customers are fully invested on the long side, they do an about face and paint a rosy economic picture to get the retail investor back in again. It is all an act. And it is all hype. Most top analysts are simply carnival barkers, saying "step right up and give it a try". Showmen and salesmen. . . Nothing more. The whole job should be eliminated from the Investment bank/brokerages as it imposes a conflict of interest to those investors the brokerage has an obligation to serve. And all corporate and economic analysis should lie in the hands of independents. At least then, analysts might be worth taken seriously. As it is they are a joke. Best wishes, Rande Is

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