Anton Wahlman

Why Wall Street Analysts Shouldn't Own the Stocks They Cover

I like the following: "The "buy" and "sell" recommendations on the front page are ignored by the clients who matter - the institutional investors." -- Now, if only Spitzer and his folks had understood this basic fact, there wouldn't have a witch-hunt for the analysts, which to date has driven some 99% of the sell side analysts who were in business in 2000, into hedge funds by now.