Tuesday 18 May 2010
Over-optimistic Equity Analysts
Those of us who thought that only our Indian analysts are over-optimistic should read this one:
My hypothesis on the possible reason: They often represent fund managers, mutual fund houses, insurance companies, etc., all of whom have a stake in investors pouring in more money into their coffers - And when will they do so? When the prospective investors hope that the markets will go up!
And we thought that these analysts are supposedly unbiased and professional!