 The Wild Wild World of Wealth |  |
Before relying on an analyst’s report, understand that reading it without putting it into context may cause you to underperform. Many reports are a form of marketing that are intended to remind clients the analyst is still worth calling. The more reports that are published, the more frequently the analyst’s name shows up in searches on large institutional information systems.
Here are six things you can do to use analyst reports to make money:
However, digging just a little deeper, it is quite remarkable that since 1793, the U.S. has had 44 Presidents (serving a total of 55 terms). The U.S. has also had 44 recessions. Is this coincidence, or, is there a correlation? Adding to this annoying little fact is that that each U.S President has promised to improve the economy since the very first recession of 1797, also known as the Panic of 1797. Moreover, each President got your vote (or those of your ancestors) by campaigning on the promise that their administration, and their economic and political policies, would ensure that “Americans will never have to endure another recession if you just vote for me!”
100% Empty Promises Equal 33% Hardships
In our judicial system, judges recuse themselves when there are conflicts of interest. I’d like to see the same thing in Congress. The only problem—it’s not clear the Senate could field the necessary quorum to hold a vote.
I’ve been extremely critical of Goldman Sachs. The bonuses, funded by taxpayer bailouts, teed me off. And back on January 2, I asked, What does $22 billion in Goldman bonuses buy? Now, I have a different concern:
Is the prosecution of Goldman Sachs going too far?
In the Senate chamber yesterday, our elected officials grilled reps from Goldman Sachs. The Senators illustrated, I think, the outrage felt by Americans over bailout dollars that turned into banker bonuses. Even if—Senator Carl Levin trash-talked with the kind of language that triggered FCC fines of shock-jock Howard Stern:
Is paranoia necessary to survive on Wall Street?
In one sense, Goldman Sachs is no different from any other investment bank on Wall Street. When it comes to protecting the brand, junior employees are expendable. Like goldfish, investment banks eat their young when self-interest make cannibalism seem rationale.
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