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A Must Read by Zerohedge

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September 15, 2010 – Comments (1)

Great write up and report here:

The following must read presentation by Wolfe Trahan puts every last piece of the economic puzzle together, confirming there is no other outcome but an economic crunch, affectionately known elsewhere in the MSM as a Double Dip. It gives you all you need to know when confronted with the nattering nabobs of neanderthalism, most of whom tend to reside on CNBC. Feel free to do a side by side comparison of this presentation with that put together by Russell Napier earlier, and decide on your own, which one you believe is far more credible. Yet its greatest value-added is the thorough discrediting of the three chief classes of permawrong prognosticators: sell side analysts, company management and economists.

Key summary highlights:

Be Wary Of Sell-Side Forecasts, Economists' Projections And Company Guidance!

Sell Side: A full 70% of S&P 500 stocks currently carry an average rating of "buy" from sell-side analysts. This is higher than at any
other time in the post Sarbanes-Oxley era.

The rest is here:

http://www.zerohedge.com/article/must-read-look-slow-and-methodical-march-towards-double-dip

1 Comments – Post Your Own

#1) On September 16, 2010 at 9:29 AM, lorteungen (99.75) wrote:

"Sell Side: A full 70% of S&P 500 stocks currently carry an average rating of "buy" from sell-side analysts. This is higher than at any other time in the post Sarbanes-Oxley era."

vs

"For the first time since at least 1997, fewer than 29 percent of ratings for stocks covered by brokerages worldwide are “buys,” according to 159,919 recommendations compiled by Bloomberg. "

http://www.bloomberg.com/news/2010-08-29/sell-signal-on-36-profit-increase-has-analysts-in-math-denial.html 

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