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To: mishedlo who wrote (166583)	5/18/2002 10:16:38 AM
From: Knighty Tin	Respond to of 436258

Mish, Business is great, but that has nothing to do with analysts. I go against them more often than with them. Of course, I'm conceited enough to believe that the ones who agree with me are obviously very perceptive. With recommendations on 2400 issues, some have to be right. But I usually get the calls, "why did you tell me to buy xyz and then two days later your analyst dumps on it." My usual response is that the analyst recommendation is icing on the cake. <g> We are told that we should be bullish forever by mgt, by the boobs who run our buy side offerings (I rarely if ever use them. The only client I remember inflicting with them bought the biotech fund, and if I wasn't my own broker, I'd fire me for putting me in that one. <G> Though I still love bios.), and by the analysts. The technicians, as much as I make fun of them and their flim-flam, do not follow the party line. One, a woman, constantly tells crowds in a screechy voice, "this market is broken. Get out!" She doesn't get many invitations to speak, though. <g> But the fundamental geeks are all on same-think. BTW, I think the great majority of them believe what they are saying. As I mentioned many years ago in an article for The Internet Financial Connection, most analysts are stupid, not crooked. They are Jimmy Carter stupid. High IQs and no common sense.