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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  (Bloomberg)
• Downgrades Hit Financial Stocks  (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:
 U.S. Stocks Drop on Bank Downgrades; American Express Declines: http://www.bloomberg.com/apps/news?pid=20601087&sid=acosnchtPOEY&
 Downgrades Hit Financial Stocks: http://online.wsj.com/article/SB120212459193240493.htmlhttp://online.wsj.com/article/SB120212459193240493.html
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