Analysts
Remember 2000 and the Internet bubble. There were some very famous analysts, (some now in jail) who were saying the most idiotic statements possible. They were talking about Yahoo hitting $1000 a share...Amazon $600 a share...Psinet $400 a share...and others. Yup...people listened to them and lost billions. Now we are listening to this analyst from Oppenheimer named Whitney. She makes one right call and now she is a genius.
Don't listen to her!
Listen to the market...listen to your common sense. One analyst VS the market. Please people..use your common sense.
And talk about common sense..the market down today because the PPI was up...yet the market was up big last week because the CPI was down. So what is the answer? Follow the technicals--that is the answer.
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