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To: Mark Davis who wrote (10325)6/27/2002 11:59:57 PM
From: Bob Kim  Read Replies (1) | Respond to of 12617
 
Of course the analysts privately ridiculed these co's, for fear of being thought complete imbeciles by their peers.

The really sad thing is that Blodget similarly ridiculed his buy-rated stocks in the Washington Post more than two years before Spitzer unveiled so-called "smoking gun" emails.

Another factor that is ignored is that at least one NYSE/NASD-approved person has to sign off on an analyst's research, plus, if it involves an investment banking client, it may also involve one or more lawyers. Yet no one really asks how did the research get by the people who were supposed to ensure it met regulatory standards.



To: Mark Davis who wrote (10325)6/28/2002 12:59:58 AM
From: TheStockStalker  Read Replies (1) | Respond to of 12617
 
Nothing is more appalling than the failure of GOVERNMENT AGENCIES to step in early in the game

How does one know it is "early in the game" in a raging bull market? Especially government agents. Not even most trader that I work with know/knew what we were in until it was late in the cycle. Johnny Hindsight makes good laws and regulations.

TS