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Fundie Analysts

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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