Fundie Analysts and Merrill's I-Bank Downgrade

Merrill Lynch cut its rating on the brokerage stocks to “neutral” from “buy” -- including financial-services giants Citigroup, Lehman Brothers Holdings, and Bear Stearns.

Yet another example of the old Wall Street saw about Fundamental Analysts:

Don't need 'em in a Bull market, don't want 'em in a Bear market.

(with my apologies to my fundie friends)