Wall Street Analysts Most Bearish Ever; Recommendations More Accurate, Too

(Bloomberg) -- Never in the history of Wall Street
have analysts been so bearish. The good news is they're also
getting it right more often, helping make investors richer by
betting against corporate America.

Thank the regulatory hammer of former New York Attorney
General Eliot Spitzer. In 2003 he forced 10 big firms to
separate investment banking from research to avoid the conflicts
of interest that tempted analysts to keep their reports upbeat.


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