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To: Herb Duncan who wrote (119915)11/30/2000 5:57:48 PM
From: fswep  Read Replies (1) | Respond to of 186894
 
The first thing that one has to remember that the analyst is on the sell side. He has to sell stock to keep his job. We all tend to forget that when we are dealing with stocks.

To put this in perspective:

When buying a car the salesman is not looking out for your best interest. He/she is looking to feed their family.

The realestate agent is trying to sell a house for the owner of the house, not to get you the best deal.

The loan officer at the bank sells loans.

The fund manager keeps the fund close to the index in order to keep his job. Doesn't pay to be a cowboy.

So when an analyst says buy that is exactly what they want you to do. Do to pressure from above you won't find many that are negative until it is obvious.

Ward



To: Herb Duncan who wrote (119915)12/1/2000 12:10:51 AM
From: Jim McMannis  Respond to of 186894
 
RE:"remember Granville? Where is he now?"

Last I heard, Joe was still in Kansas City.

One key to the election is that the result blindsided the markets, no track record for this...that's usually enough for a good emotional reaction and it's held true again....
Jim