Daily Markets - Are Wall Street Analysts Contrary Indicators? |
| Are Wall Street Analysts Contrary Indicators? Posted: 04 Sep 2010 10:59 AM PDT 'Boy these companies look pretty good, earnings are OK, they have plenty of cash. What if there's a double dip?' Here is an intriguing possibility, one that should make any investor holding 80% cash a tad nervous: The Buy/Sell/Hold crowd of analysts are excessively cautious: "For the first time since at least 1997, fewer than 29 percent of ratings for stocks covered by brokerages worldwide are "buys," according to 159,919 recommendations … [visit site to read more]
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