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To: Tony Viola who wrote (30477)12/4/1998 6:07:00 PM
From: Scumbria  Respond to of 33344
 
Tony,

I get the impression that most analysts are almost 180 degrees out of phase with market cycles. They predict the past after it has occurred. The Wall Street Journal dart board is consistently more accurate than the majority of analysts, indicating that their methodology is actually biased towards being wrong.

Scumbria



To: Tony Viola who wrote (30477)12/4/1998 8:06:00 PM
From: Craig Freeman  Respond to of 33344
 
Tony, re: "the values of analysts". Yahoo had the analyst consensus on WDC as a screaming buy in Fall '97. The company retreated continuously for a year, falling from $50 to ~$7. Three months ago they had it as a "hold" while it more than doubled to today's $18+. They were dead wrong on both the way down and on the way back up.

I know who pays those guys ... client commissions. The question is why.

Craig


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