Friday, December 5, 2008

Financial Analysts Need To Do Better....

Today the unemployment numbers came out at around 533,000.  Analysts were shocked.  They were predicting half of that number.

Often earnings of a company come out far below or above where analysts estimated them to be.

This is not a reflection of surprise numbers, it reflects how poorly analysts are doing their jobs.

Taking the easy way out and not digging into the facts, but accepting the fodder put out by the people involved in the company or situation involved.

Guys, get your shit together and do your job!  There should be a lot fewer surprises....

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