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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.6%Nov 7 9:30 AM EST
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To: Indra H who wrote (47778)3/29/1999 4:58:00 AM
From: Jeff Dryer  Read Replies (3) of 164684
 
You raise an excellent and important question.

Should Wall Street analysts be privy to inside company information before the rest of the public?

I believe very strongly that the answer is NO!

Often, these analysts issue their upgrades and downgrades based on information that is not available to the public... or make comments on T.V. or in a news article based on insider knowledge. To compound the problem, how many people on Wall Street know ahead of time about the inside scoop on a company and/or an analyst's impending upgrade or downgrade?

The Internet is great because information can flow in real-time to EVERYONE. However, Wall Street and most companies still operate in the pre-Internet way... Wall Street analysts (and their friends) find out first and then everyone else.

This is the corruption of Wall Street.

And to add a complex twist, analysts and their institutions are in the business of protecting their favorite companies. So, if things aren't going well at a company, they just might come out with a BUY rating to cover up the problems... fools most of the public almost all of the time... shame on them.

In other words, Wall Street analysts know the good and the bad of a company, but tend to report only the good. The result of their deceit is that not only do they know the real story but they spin a false distorted story to the general investing public thus creating the often observed phenomenon of the public buying in at the top while the smart money has already sold. This manipulation explains why Wall Street analysts have very poor track records... it's not because the analysts are stupid.

Wall Street analysts aren't in the business of calling it like they see it.

They do what they do to serve their institution.
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