Financial News and Opinions
By stern on Feb 03, 2008
But here's an even better one: After Yahoo! announced earnings earlier this week, a number of financial analysts reduced their opinions of the stock's potential -- that is, once the bad news was out, they said "Sell!" If you followed their advice, you'd be shaking your head on Friday with Yahoo! Up! 50%! On! Microsoft! Bid! Analysts are supposed to do analysis - build models, make predictions, form opinions and derive a reasonable expectation for those variables controlling the stocks and industries they follow. Some of them do the work, in Mark Cuban's words, but some only replay the information underlying the news. Just because we can (and do) get news more quickly online doesn't mean it should suffer from quality or integrity.
I'm off to the Sun Analyst Summit in the morning, our annual conclave for industry and financial analysts -- folks who in fact do build models and ask hard questions. I usually give our Gartner folks a gentle ribbing since they only give breakfast a 0.9 probability, but that's the spirit of the event: good, open discussion of the market, products and strategies with a high probability of food being involved.