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Open Thread: Financial Analysts

Posted By Barry Ritholtz On February 4, 2008 @ 6:30 pm In Finance,Markets,Psychology,Valuation | Comments Disabled

There’s an old joke on Wall Street:

Analysts:  You don’t need them in a Bull  market, you don’t want them in a Bear market . . .

I was reminded of that when I saw these two headlines cross the tape:

U.S. Stocks Drop on Bank Downgrades; American Express Declines [1] (Bloomberg)

Downgrades Hit Financial Stocks [2] (WSJ)

Those of you who are active in the markets — what do you make of FinAns?  Do you rely on them, fade certain ones, or just ignore ‘em all?

What should the role of Financial Analysts be to investors?

>
What say ye?


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2008/02/open-thread-financial-analysts/

URLs in this post:

[1] U.S. Stocks Drop on Bank Downgrades; American Express Declines: http://www.bloomberg.com/apps/news?pid=20601087&sid=acosnchtPOEY&

[2] Downgrades Hit Financial Stocks: http://online.wsj.com/article/SB120212459193240493.htmlhttp://online.wsj.com/article/SB120212459193240493.html

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