Listen to Your Broker, Lose 17%

[ax]

http://www.bloomberg.com/apps/news?p...igE&refer=home

"Buying shares on the advice of Merrill Lynch & Co.'s Guy Moszkowski, the top-ranked brokerage analyst in Institutional Investor's annual survey, cost investors 17 percent, according to data compiled by Bloomberg. Deutsche Bank AG analyst Michael Mayo's counsel to purchase New York-based Lehman Brothers Holdings Inc. lost 59 percent. Citigroup Inc.'s Prashant Bhatia still rates Merrill ``buy'' after its 56 percent retreat from a January 2007 record."

What do you expect from a group that collectively had earnings rising 17% for the S&P as late as November, and 11% after the new year?

[phirang]

Re: Listen to Your Broker, Lose 17%

If you rely on the sell-side to make your trades, you should fire yourself!

[GRG55]

Re: Listen to Your Broker, Lose 17%

http://www.bloomberg.com/apps/news?p...igE&refer=home

"Buying shares on the advice of Merrill Lynch & Co.'s Guy Moszkowski, the top-ranked brokerage analyst in Institutional Investor's annual survey, cost investors 17 percent, according to data compiled by Bloomberg. Deutsche Bank AG analyst Michael Mayo's counsel to purchase New York-based Lehman Brothers Holdings Inc. lost 59 percent. Citigroup Inc.'s Prashant Bhatia still rates Merrill ``buy'' after its 56 percent retreat from a January 2007 record."

What do you expect from a group that collectively had earnings rising 17% for the S&P as late as November, and 11% after the new year?

LOL. Their oil analyst counterparts have been predicting a crude price crash ever since it went north of $25.

Analysts reports should be read when one is starved for comic relief, and then used to line the bottom of the budgie cage.