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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (942)3/4/2001 7:32:27 PM
From: stsimon  Read Replies (1) | Respond to of 23153
 
The goal of Wall Street Research is not to help customers make money. If the stocks that are recommended go up and customers make money, that is a side effect.

Research is designed to 1) support the investment banking relationships, and 2) generate commissions.

Goal one is accomplished by always having a buy rating on the stocks of companies you want to do business with.

Goal two is accomplished by making up plausible stories that people can be duped into believing.

There are exceptions, but not many.



To: kollmhn who wrote (942)3/4/2001 10:16:35 PM
From: Tommaso  Respond to of 23153
 
All I can say is yes, as best I can tell your view of things is exactly right. It is funny to see things on SI discussed sensibly and then see them reported as sober fact 18 months later in the New York Times.

But Gretchen Morgenstern is right on top of what is going on.


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