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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (33319)10/6/1998 9:08:00 AM
From: Earlie  Read Replies (3) of 132070
 
MB:
Excellent comments on both topics.

With respect to the latter topic (analysts' recommendations), perhaps it is wishful thinking, but finally I think I can see the first indicators that the investing public is getting fed up with the shop worn tricks. The tired business of forecasting great things way out in the future, coupled with the quiet downward revising of estimates in the few weeks preceding numbers release (or "warning") is coming in for considerable criticism. Of course on this thread, it has been a "cause celebre" for many months. Additionally, we are now seeing plenty of criticism (again finally) of analysts rushing to close barn doors after the cows have escaped and wandered on to the freeway. The wondrous "downgrade" posted a few minutes after the company announces dire results isn't seen in quite the same forgiving light as was the case when the bull ruled. About time.

Apologies for lengthy absence. New projects are keeping me away from both the pool halls and the net (g)
It was a bit of a shame that I could not participate on the thread just as the market commenced providing justification for our mutually held bearish views, but one has to perform while the sun shines. Hopefully the time frees up a bit in the near term.

Best, Earlie

Incidentally,
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