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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (71962)12/4/2007 12:57:04 AM
From: RealMuLan  Read Replies (1) of 116555
 
No Sign of `Sell' on Wall Street as Analysts Say: `Buy,' `Hold'
bloomberg.com
By Yalman Onaran and Christine Harper
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Dec. 3 (Bloomberg) -- Anybody who followed the advice of Wall Street's top-ranked analysts, none of whom would say ``sell'' for a single company in the securities industry this year, is reckoning with subprime-like losses.

Merrill Lynch & Co.'s Guy Moszkowski, UBS AG's Glenn Schorr and Sanford C. Bernstein & Co.'s Brad Hintz maintained either buy or hold recommendations on Bear Stearns Cos. as it fell 39 percent in 2007, the most since the firm went public in 1985. Moszkowski and Hintz had buy ratings on Morgan Stanley while the stock shed 22 percent in New York trading. Moszkowski and Schorr advised holding on to Citigroup Inc. as it dropped 40 percent.
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