If Big Brother can stop us from Shorting, what about Analyst Estimates?
We know we aren't the only people in the U.S. that feel 2008 analyst estimates are too high? Come on, this is basic stuff here, the economy is falling apart, so why should every company/stock reporting earnings in the next few weeks miss every other estimate? Hey Congress, put the crack down on the analyst community, Lower 2008 Estimates.
Earnings season is off to a shitty start, Alcoa (NYSE:AA) shares are down 14% today because they missed analyst estimates. However Alcoa suspended a share-repurchase program because of the worsening credit crisis, it wasn't just the analysts that are taking down the stock price today to $1 above its 52-week low.
Here's all I'm saying, now that the U.S. Government won't let us short certain stocks, they own 1/2 of all the real estate in America, and lending and banks are under constant watch now thanks to our current economic crisis, why not put the pressure on the analyst community?
Our stocks trading on the NYSE, NASDAQ, and AMEX are out of control, let's put Big Brother on the guys that tell us a stock is a "Buy" or a "Sell" and set price targets.
Why the hell not?
Next thing you know, you'll need a Hall Pass to go to bathroom at your job or at the Ball game, but if Big Brother is already watching us, what's the difference?
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