Jonathan Berr writes on 24/7 Wall St. about the relationship between business journalists and analysts, including Rochdale Securities banking analyst Richard Bove.
“Some analysts with great reputations in the media, such as Meredith Whitney, who is credited with being one of the first to see the coming financial crisis in 2007 and is now forecasting a wave a municipal defaults, also are not considered by Institutional Investor and Starmine, another rating service owned by Thomson Reuters, to be among the best in their field. Neither is Gene Munster of Pipper Jaffray, the often-quoted pundit on Apple Inc., or banking analyst Mike Mayo of Caylon Securities, rival of Bove. Some analysts are quoted more often than they should be because they are accessible to the press, either because they are publicity hounds by nature or their firms force them to be that way. Reporters and producers also turn to analysts like them oftentimes out of habit or laziness.
“Sadly, their mediocre performance may not matter. The media loves to write about colorful analysts such as Bove even if they think they are wrong.”
Read more here.
Read more: The Analysts The Media Loves To Hate – 24/7 Wall St. http://247wallst.com/2011/02/02/the-analysts-the-media-loves-to-hate/#ixzz1CnxYrQcI
The Star Tribune is seeking an accomplished, motivated and versatile journalist and leader to shape…
The Deputy AME-Business is responsible for the development and planning of coverage on all Newsday…
CNBC.com managing editor Jeff McCracken announced Friday the following promotions: In San Francisco, Ari Levy has…
This Newsday reporter will cover Long Island’s commercial real estate market and the region’s evolving…
The New York Times is looking for a versatile editor to edit enterprise and feature…
International editor Matt Lamers is leaving Marijuana Business Daily. He has been there for seven years. Lamers…