Analysts Saying Sorry?
from the hell-getting-cooler,-report-at-11 dept
News.com is positively shocked that analyst is apologizing for his bad call on a stock. Of course, they immediately point out that he might just be apologizing because of all the scrutiny analysts are getting from the government these days. The article does make some good points about how investors only seem to remember the bad calls that analysts make (though, that's not exactly true: I remember the very accurate - at the time - call from Henry Blodgett for Amazon 400). It is true, of course, that no one can be perfect, but it's important for investors to realize that analysts are very often not perfect. Maybe if they start apologizing, or admitting where they were wrong more often people wouldn't believe them so quickly.