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To: scott_jiminez who wrote (3945)7/23/2000 9:55:43 PM
From: Fred McCutcheon  Respond to of 5482
 
The Economist in this week's issue has a report of a study on the effects of analysts on stock prices done at NYU. The opening and closing sentences are below plus a url for the whole article. You must be a subscriber to access it.
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DEATH threats were received by Jonathan Joseph, an analyst at Salomon Smith Barney who dared to downgrade shares in semiconductor companies earlier this month. ...................... ....................

..................According to the study, the greater a company’s R&D spending, the more useful analysts were in valuing it. But overall, the study is hardly a ringing endorsement of Wall Street’s finest. Share analysts: underperforming; sell.

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economist.com

Perhaps this is the final word on JoJo, he is irrelevant!!

Fred McCutcheon



To: scott_jiminez who wrote (3945)7/23/2000 9:55:54 PM
From: lrrp  Respond to of 5482
 
Scott, i rarely have anything to say; but your post and bio lead me to a comment and question. I think that when the herd is moving at high speed, the stampede causes a trigger in our brains to run with them, and if we dont, we become afraid, anxious-- I think humans are hard wired that way; and we are not much further up on the scale of evolution than lemmings or cattle ; so, the only defense to this kind of stampede is rational thinking; and it is almost impossible when all hell breaks loose; its like war. Only being able to stick to a plan and having courage in the face of fear, allows us to stand it; we bellyache and yell if we do not run; We are not the weak hands because we believe that the cycle still has lots of upside and now upside surprises ; but we are afraid -----so now we need the courage of Andrew , the conviction of Brian and the clear thinking of Ian! Its time to buy more but it feels like the end of the world!

So my question? Since the weak hands are gone, Is this the sound of a strong hand clapping?<G> Best, steve