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  • As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront [View article]
    Does anyone really need an investment banker? The whole industry is a con and make work job for Ivy League Frat boys who were taught they are never wrong.

    Google went public alone and it looks as thought they did quite well. As a CFA who has been on both the buy and sell sides, I never found in house sell-side security analysts anything more than pimps for the Investment Banking peddlers.

    What an immoral industry that adds absolutely no value to our economy. Do markets really have to revalue companies on every tick? Its can be fun (if you win) but is nothing more than an overrated casino game.

    It is amazing that some believe the stock market is a discounter. Makes for silly academics but no real investor believes that. What were we discounting in 2007 when we were entering a recession in February and market took off?
    Nov 27 19:37 pm |Rating: 0 -1
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