As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront [View article]
Reggie, I could not agree more. There is a real need for independent and "forward looking" research. There is too much bullshit being reported by sell-siders anyway. Just take a look at GE for example. Recently the Barclays analysts suggested we should call the Paulson TARP plan the "GE plan" as he believed it was the end of the conglomerate problems. Today, too many sell-siders just repeat what they hear on conf calls and don't even try to model companies. All they do is try to match management's guidance. I'll stop it here. You get the point.
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Reggie, I could not agree more. There is a real need for independent and "forward looking" research. There is too much bullshit being reported by sell-siders anyway. Just take a look at GE for example. Recently the Barclays analysts suggested we should call the Paulson TARP plan the "GE plan" as he believed it was the end of the conglomerate problems. Today, too many sell-siders just repeat what they hear on conf calls and don't even try to model companies. All they do is try to match management's guidance. I'll stop it here. You get the point.
Nov 27 08:49 am
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All Comments by jeandit75 »As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront [View article]