Analysts Try To Be More Credible
from the yeah,-nice-try dept
We just posted about how incentives at investment banks caused analysts to pump up just about everything. Now, the different investment banks are coming out with their own rules promising they’ll be more credible in the future. Yeah, nice try. The incentives are still in place, and all the credibility is long gone anyways. It’s not like most investors were really looking for a real “research” report at any point anyway. They were looking for an excuse to buy in. The same thing will happen again when the market recovers and the next craze comes along.