Dan S1

Wall Street Analysts: Endangered Species

Companies are lying about their earnings. There is little to no transparency. A CEO may say their company is great while they are selling their holdings of company stock and they have plenty of liquidity and next day, they are rescued by the government ala Bear Stearns. There is no independent board of directors, but rather a buddy boys club setup. The SEC is a POS and is not really regulating properly. Why aren't new IPO's sold on a lottery system instead of being offered to favored clients? The SEC could force this, but don't.

Analysts have to be somewhat bullish and therefore, we have a dearth of sell recommendations.

The best thing to invest in very soon will be commodities instead of commodity producers. It's much easier to hide or lie about earnings and other things than the physical commodity itself.

The only way for this to end is for the situation to hit rock bottom. However, we are several years away from this.

The real reason for basically all of the problems we have today is the US government and I am basically powerless to stop it.