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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Jo Ellen T who wrote (95711)4/13/2000 9:28:00 AM
From: gamesmistress  Read Replies (1) | Respond to of 108040
 
JoEllen, I thought of your comment on analysts when I read this:

From yesterdays TheStreet.com:

Don't Be a Yahoo: It's Time to Preserve Capital
By Brett D. Fromson
Chief Markets Writer
4/12/00 5:48 PM ET

>Don't rely on the big Wall Street firms to tell you what to do. They were very quiet today. Why? The bulls were busy trying to cobble together something intelligent to tell clients. And frankly, research analysts have become >such flacks for the investment bankers that many are indifferent to market declines. As one broker at Goldman Sachs told me, "Our research department has been very quiet today. I don't think we really care about the market as long as we can do the underwriting."

>It's a cold, cruel market.