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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (38176)	12/4/1998 11:26:00 AM
From: Defrocked	Respond to of 132070

One of the important functions a good Fed analyst can perform is gauging market expectations and the probable response to Fed activity/nonactivity. Jones has been around long enough to be able to "sample" and survey major customers and meaningful street opinion to assess the market. Indeed, when the Fed wants to query the market, David will get a phone call as will a few others considered knowledgeable by the NY desk. As for equity analysts and stock market gurus, they come and go. The fact that Jones is still plying his trade is a testament of his value for his customers. Equity gurus get paid for pushing stock and are laid off during a downturn if they utter "sell" under the guise of brokerage downsizing.<small g>