The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again at optionalpha.com and welcome back to the daily call. Today, we are going to be talking about the reliability of stock analyst recommendations. I know this might actually ruffle some feathers out there. I will tell you though that before I get into maybe not bashing people, but bashing the industry as a whole, I do think that there are very, very good, smart people in this industry. I don't think that it's full of people who are completely ignorant or dumb. I think the entire industry is full of people who are very smart, very well-educated, but I just have one major rub with the whole thing and that is basically conflict, the conflict of the people who write the recommendations, who basically sell the research, sell side analysts and then any conflict that an institution or bank might have with people who buy it. That's what I’ve talked about in Show 164. If you go back to the daily podcast right here, in Show 164, I talk about my short stint as a research analyst. I wa