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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (10186)	12/9/2002 1:40:08 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

WallSt cannot clean mess without destroying its machine the independent research funding will be key to watch I find it laughable what if the research turns widely negative? they will stop funding it who will staff the research outfit? former brokerage house analysts? of course, who else can? who will have a vested interest in funding? nobody then how about conflict of interest in equity strategists and economists employed at the brokerage houses? their objectivity is less demanded I used to love to read how the individual S&P500 analysts would calculate their silly EPS estimates, then watchers would add them up to get a component-wise S&P earnings estimate, which usually differed from equity strategist S&P estimates by about 400-600% one might conclude that equity strategists are more objective, component, and worth having around but they are just market whores, rather than stock whores find three competent brokerage economists, with reasonable track records... AND I WILL KISS YOUR HAIRY ASS / jim