Another one for "The Contrarian Files"

[ziggy29]

Best Stocks Liked Least by Analysts Missing U.S. Gain (Update2) - Bloomberg.com

Quote:

June 21 (Bloomberg) -- Wall Street’s lowest-rated stocks have turned into this year’s best performers, a sign that analysts who underestimated the U.S. economy will boost their recommendations and trigger even bigger gains in equities.

And we're supposed to trust them and give them 1-2% a year to outperform the market....

[HFWR]

They're called anal-ysts because of the particular orifice they get their info from...

[ERD50]

Quote:

June 21 (Bloomberg) -- Wall Street’s lowest-rated stocks have turned into this year’s best performers, a sign that analysts who underestimated the U.S. economy will boost their recommendations and trigger even bigger gains in equities.

Does the part I bolded strike anyone else as an oxymoron?

The stocks they didn't recommend did well, and now that they are going to recommend them (in hindsight) people will buy them and they will do even better?

It's different this time?

-ERD50

[Pete]

Quote:

Originally Posted by ziggy29 Best Stocks Liked Least by Analysts Missing U.S. Gain (Update2) - Bloomberg.com And we're supposed to trust them and give them 1-2% a year to outperform the market....

There is certainly a case not to trust financial planners...but not necessarily one to trust the markets. SOMEONE found those stock and drove up the price.....and markets were the driving force behind many bubbles and busts. And let's not forget, it's also financial planners who are saying to diversify and rebalance.

[ziggy29]

Quote:

Originally Posted by Pete And let's not forget, it's also financial planners who are saying to diversify and rebalance.

Agreed. A good, fee-only financial planner will do that. But note this article is more about the pump-and-dump, active trading Wall Street analysts, not the "boring" financial planners who push such unprofitable concepts as indexing, asset allocation and rebalancing.