CAPS is a Failure
News today the Satyam Computer (SAY) is a sham of a corporation is no big deal - bad companies exist and there will be another such company exposed in the future. What truly bothers me is that
1005 Outperform ratings were on this stock, and only 29 underperforms. As for"All-Stars" 178 Outperforms and 11 Underperforms. Only 6% of supposed All-Stars got this right, and I imagine its because most people don't do any due diligence when they pick stocks or ETFs. It's completely all right to be wrong about a stock beating or not beating the S&P, but bankruptcy should have been seen by community long before it happened. I'm not going to toot my own horn simply because I called this right, but I'm disillusioned in the community to be this wrong about a stock.