Wednesday, March 11, 2009

The Worthlessness of Analysts

One analyst has downgraded Bank of America to a sell. The median recommendation is a 2.5 on a scale of 5 with 5 being sell.

The median recommendation for Citigroup is 3.1 on a scale of 5 with 5 being sell.

And to think these people still go on TV and make recommendations.