Bad calls, no accountability. stock analysts "don't have a clue," and their forecasts rarely...

|By:, SA News Editor

Bad calls, no accountability... stock analysts "don't have a clue," and their forecasts rarely offer anything valuable, Eric Jackson writes. Case in point: "Last November, most Wall Street analysts covering SINA had 12-month price targets in the $50-$60 range. A few weeks ago, the stock hit $90. And guess what the analysts did? They upgraded their 12-month price targets to… $80. Wow."