Review: Full of Bull by Stephen T. McClellan
When can a stock rating of Buy be a bad thing? When the stock market analyst’s firm has a rating higher than a Buy. Analyst don’t like rating things a sell, which is essentially the kiss of death, and so oftentimes you’ll see a Hold or a Neutral rating when the analyst really means sell. Have you heard of this before? Yeah me too, it’s like some big joke. Analysts are just like you and me, many of them are terrible at picking stocks, like their jobs, and don’t want their boss or their customers breathing down their throat. They don’t rate stocks a hold because the company will start hassling them and institutional investors will start asking why, they can easily just put down a Hold or Neutral, indicate the negative outlook, and no one gets all hot and bothered. That’s just one nugget in Stephen McClellan’s Full of Bull.
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