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To: Russ who wrote (10807)	4/4/1998 12:13:00 AM
From: Michael D. Muzzie	Respond to of 213177

Hmm, I suppose the analysts aren't gods after all **slightly off of AAPL topic, but Wall Street-related** Russ, The Mike Burke article was excellent. (http://www3.techstocks.com/~wsapi/investor/newsletter-58) Thank you. His second paragraph about how the the recent analyst hiring binge is causing an overall dilution of talent at Wall Street firms got me thinking. 5 yrs ago, one needed an MBA to work for the the big guns (G&S, Montgom.Sec., Smith&Barn., etc., etc.). On campus-recruiting back then (I took 5 yrs off) was very, very limited. Now all one seems to need is a pulse and an Ivy League (or comparable) degree, and the recruiters salivate all over you. Granted, these are bright young people, but many hired this year weren't even Enon majors. One of my friends who was hired as an analyst for one of the big guns is an English major with no investment experience. (He said they would give him a two-week training course.) I'm sure, of course, such young bucks would have little authority, but the chief analysts do rely on the little drone analysts to do much of their grunt research work. I, for one, will take any analyst's pearl of wisdom, spouted as a soundbite for the WSJ or CNNfn, etc. with a very healthy dose of skepticism. --Michael Muzzie