Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:668 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:952 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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It's the Real Estate Crash That I Warned…

20-03-2017 Hits:1390 BoomBustBlog Reggie Middleton

It's the Real Estate Crash That I Warned You About (again)

I've issued several warnings late last year warning of the real estate bubble peaking and popping. I feel I'm especially qualified to do such since I quite accurately called the...

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When It Comes Time To Show and Prove, Eq…

20-03-2017 Hits:1200 BoomBustBlog Reggie Middleton

When It Comes Time To Show and Prove, Equity Markets May Drop Hard

The markets have gotten euphoric since the Trump election, apparently because someone believed what he was selling. Take a look at the broad market jump (powered greatly by the bank...

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So, Brexit Is Now Almost Official. Is Th…

20-03-2017 Hits:542 BoomBustBlog Reggie Middleton

Note: All downloadable legacy content is for subscribers only. We currently have a sale for $11 per month for basic access. Professional subscribers are now evevated to have direct access...

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In Less Than Two Weeks, Another Bitcoin …

17-03-2017 Hits:1983 BoomBustBlog Reggie Middleton

In Less Than Two Weeks, Another Bitcoin ETF Faces SEC Deadline - It's Denial Is NOT A Bearish Event

LedgerX's "SOLIDX BITCOIN TRUST" has an approval deadline this March 30th, 2017.If it is approved, Bitcoin is due for one hell of a bump, but...  

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The Fed Raises Rates While Still Baby Fe…

17-03-2017 Hits:1823 BoomBustBlog Reggie Middleton

The Fed Raises Rates While Still Baby Feeding the MBS Market With Billions in Monthly Purchases

The Fed has raised rates, officially making real what was mere signaling of the end of its expansionary era... Or is it? You see, from a practical perspective, QE is...

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A Bitcoin ETF or Similar Regulated Insti…

16-03-2017 Hits:2358 BoomBustBlog Reggie Middleton

A Bitcoin ETF or Similar Regulated Institutional Vehicle is a Forgone Conclusion - What Happens Next?

Someone with over 53 years on Wall Street sent me this article from Lex of the Financial Times...

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Why the Winelvoss Bitcoin ETF Was Reject…

13-03-2017 Hits:3179 BoomBustBlog Reggie Middleton

Why the Winelvoss Bitcoin ETF Was Rejected and How to Create a Regulated Vehicle That Passes Muster

 The Winkelvoss ETF application was rejected by the SEC, and bitcoin dropped about 20% in price. I repetitively warned those that followed me that a very low risk buying opportunity...

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Trump Calls Obama's Policies On Russia W…

10-03-2017 Hits:2862 BoomBustBlog Reggie Middleton

 Donald Trump's recent Tweet discusses how Russia has gotten stronger at the behest of President Obama.   For eight years Russia "ran over" President Obama, got stronger and stronger, picked-off Crimea and...

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SNAP's Greed Derived Self-Inflicted Woun…

08-03-2017 Hits:3921 BoomBustBlog Reggie Middleton

SNAP's Greed Derived Self-Inflicted Wounds Continue to Manifest

The day before the SNAP IPO, I penned "Goldman Sachs & Morgan Stanley Pull Off the Heist of the Decade, Bends Over Those Who Don't Read BoomBustBlog". Despite being rather...

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Bitcoin Is Reaching the Point of No Retu…

08-03-2017 Hits:3650 BoomBustBlog Reggie Middleton

Bitcoin Is Reaching the Point of No Return - Buy Side Should Take Note

Many bitcoin aficionados are waiting with baited breath as the SEC is to announce by this Friday whether they will approve the first registered bitcoin ETF. This is not the...

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According to this Bloomberg article, the boombustblog.com articles more than doubled the performance of the best performing Wall Street analyst of the past year, and soundly out-performed ALL of the analyst and brokerages house recommendations - most of whom had deeply negative returns and failed to beat the broad markets. Hey, I'm just lowly Internet blogger. That's a damn shame. If I had the time, I would seriously consider opening up a pure research shop to put these guys out of their misery. If they let a blogger roll over them like this, imagine what a professional with a big budget could do! 

 From Bloomberg:

Investors who followed the advice of analysts who say when to buy and sell shares of brokerage firms and banks lost 17 percent in the past year, twice the decline of the Standard & Poor's 500 Index.

Buying shares on the advice of Merrill Lynch & Co.'s Guy Moszkowski, the top-ranked brokerage analyst in Institutional Investor's annual survey, cost investors 17 percent, according to data compiled by Bloomberg. Deutsche Bank AG analyst Michael Mayo's counsel to purchase New York-based Lehman Brothers Holdings Inc. lost 59 percent. Citigroup Inc.'s Prashant Bhatia still rates Merrill ``buy'' after its 56 percent retreat from a January 2007 record.

Of the 39 analysts tracked by Bloomberg who follow stocks in the Amex Securities Broker/Dealer Index, 32 produced losses for investors. Investors who bought brokerages on ``buy'' recommendations, sold when they switched to ``hold'' and speculated prices would decline when analysts said ``sell,'' lost 17 percent in the last year through June 3, compared with the S&P 500's 8.5 percent drop...

...

Meredith Whitney, who correctly predicted Citigroup Inc. would reduce its dividend to preserve capital, lost 16 percent collectively at Oppenheimer & Co., her current employer, and CIBC World Markets, where she worked until mid-January. Whitney's advice included buying Lehman shares up until March 24 as the stock lost 35 percent.

Whitney made investors 1.8 percent over the past three months, the eighth-best performance. A phone message left for Whitney wasn't returned, and John Parks, the director of research at Oppenheimer, didn't respond to an e-mail.

Judging analysts solely by the return their picks generate isn't fair because their goal is to beat indexes of stocks in the industry they cover, said Christopher Malloy, a professor at Harvard Business School in Boston.

``Whether they make money in down markets, I don't think analysts think that way,'' said Malloy, who studies the performance of stock pickers. ``Investors shouldn't hold them to that. There is a good deal of evidence that analysts bring some value to the market. They beat benchmarks.''...

...

Mounting Losses

Analysts cut their ``buy'' ratings on the brokerage industry to 41 percent from 56 percent last June as New York-based Morgan Stanley, Lehman and Merrill racked up $53 billion in losses. The number of ``sell'' ratings more than doubled to 10 percent, according to data compiled by Bloomberg. ``Holds'' climbed to 48 percent from 38 percent.

Analysts rate 39 percent of all U.S. stocks ``buy,'' down from 45 percent a year ago, 55 percent ``hold'' from 47 percent a year ago, and 5.6 percent ``sell'' from 7.5 percent at the start of June 2007. Wall Street ``sell'' ratings have fallen to half their level of five years ago...

Best Performances

The analysts who made investors the most money were Charles Peabody of New York-based Portales Partners LLC and Richard Bove of Ladenburg Thalmann & Co. in Miami, Florida, whose ``sell'' ratings on Merrill, Morgan Stanley, Lehman and Goldman Sachs Group Inc. produced profits of 47 percent and 18 percent, respectively, according to data compiled by Bloomberg. Citigroup's Colin Devine made 4.8 percent by rating Ameriprise Financial Inc., the only brokerage stock he covers, ``sell'' before moving to ``hold'' in July.

``Ten years ago, the expectation was that analysts would simply avoid the worst excesses,'' Bove said in an interview. ``The idea was just to beat the benchmark. Today, analysts have got to make you money in both up and down markets. You don't have any excuse.''...

... Bove said other analysts may have made money-losing recommendations because they based their reports on brokerage earnings rather than examining risk in credit markets...

...``There's nothing you can glean from them that's going to make you any money,'' said Jack Ablin, who oversees $62 billion as chief investment officer at Harris Private Bank in Chicago. ``Right now `Wall Street' and `unique research' is an oxymoron. Unless they're able to do some kind of very unique research, I don't see any of them coming up with an edge.''...

The bottom of this article actually has a tabulation and itemization of all of the individual analyst's performance, as well as performance aggregated by firm. 

I cannot explicitly state my performance, but you smart guys (and gals) out there can download the pundit tool, go through the blog and plug in the info yourselves.

Tell me now, why shouldn't the banks just by this blog for $XXX million and instantly have the best research and absolute performance (benchmark marked or not) on Wall Street? We all know these guys could do better than what they are doing. If the mentality of the investment public were to change, and valuable research was actually sought after with a willingly high premium paid, then I am sure the whizzes on Wall Street will find their wizards. As it is now, all of the high end talent runs to the hedge fund world once it has proven itself, and then is no longer available to the common man and woman. If congress succeeds in pushing the HNW qualification even higher, then this fleeing talent will be even futher out of the reach of the retail investor. The BS runs thick in the corporate finance  and investment world!