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Schwab co-CEO Blasts Wall Street Stock Research
from the marketing-reports dept
It seems that everyone is having fun blasting Wall Street these days - even folks who make their living there. Charles Schwab's co-CEO, David Pottruck, said that research reports would have been better off labeled as "marketing reports". He says that companies used brokers and analysts as a distribution channel for their product - which was equity. He also doesn't see it getting any better in the near term.
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Who laughed at all those people calling a recovery? Nothing of the sort, we are headed for a brick wall that has been thrown off a cliff. You area hearing it here, again, from me, SB
I stopped coming to this site, I hope all is well, I used to really like it,
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