Open Thread: Financial Analysts

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?

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