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Posted By Barry Ritholtz On August 28, 2007 @ 1:15 pm In Earnings,Markets,Psychology | Comments Disabled
Merrill Lynch cut its rating on the brokerage stocks to “neutral” from “buy” — including financial-services giants Citigroup, Lehman Brothers Holdings, and Bear Stearns.
Yet another example of the old Wall Street saw about Fundamental Analysts:
Don’t need ‘em in a Bull market, don’t want ‘em in a Bear market.
(with my apologies to my fundie friends)
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