Ep. 110: You Can't Call The Top with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Conflicts of Interest in Wall Street Analysts
Since the passage of Sarbanes Oxley, several studies have documented a decline in the percentage of analysts by recommendations. But no one thinks conflicts alone can explain the analysts abysmal recent Apple performance. Other factors that help explain why Wall Street analysts are so often wrong include extrapolating from recent performance data and chasing momentum.
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