bbowen7

S&P 500 Stocks Furthest Above and Below Consensus Price Targets

It has been apparent for a number of months that the top-down macroeconomic view differed radically from the bottom-up individual stock evaluations. It carries a reminder of the bond rating agencies - people in the game know that the ratings are not real, but the poor schmucks that look in from the outside and rely on things being what they purport to be get nailed. A few years ago there was a big deal about how the stock analysts needed to be separated from the brokerage firms to avoid touting; that was the least of the problem. Cynicism abounds - and rightly so.