China's Central Bank Eliminates Margin T…

19-01-2017 Hits:456 BoomBustBlog Reggie Middleton

China's Central Bank Eliminates Margin Trading of Bitcoin

There have been rumors that the Chinese Central Bank (PBoC - People's Bank of China) would limit or eliminate margin trading in Bitcoin. It is now official, sort of...

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Is Donald Trump Truly Successful or Born…

18-01-2017 Hits:740 BoomBustBlog Reggie Middleton

Is Donald Trump Truly Successful or Born With A Silver Spoon? An Analysis

In social media and mainstream media, I often hear Donald Trump quoted (by himself, and others) as an extremely successful, self-made man. As an entrepreneur for nearly all of my...

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As I Promised, EU Is Colliding Into Prac…

17-01-2017 Hits:1071 BoomBustBlog Reggie Middleton

As I Promised, EU Is Colliding Into Practical Confines of NIRP, Bank Hemorrhaging Up Next

Nearly a year ago, I warned subscribers of consequences stemming from the ECB's negative interest rate program. Here's an exceprt from our resarch report titled European Banking Macro Issues for March...

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Is Bitcoin Too Risky? Whenever the Bitco…

12-01-2017 Hits:1714 BoomBustBlog Reggie Middleton

Is Bitcoin Too Risky? Whenever the Bitcoin is Mentioned in Financial Pop Media, Ignorance Ensues

I hate to be the one to break bad news to you, but most of the pop media/mainstream media financial pundits that I hear and see opine on bitcoin have...

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What Happens When Rates Rise While the S…

10-01-2017 Hits:1467 BoomBustBlog Reggie Middleton

What Happens When Rates Rise While the S&P 500 Relies on Cheap Credit To Boost EPS?

So, the stock market, bond market and real estate markets are all at all-time highs. Everything is Awesome! You know better than that. You see, when the bond market wakes...

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Debt Encumbered Oil, Sovereign Soil, Toi…

10-01-2017 Hits:726 BoomBustBlog Reggie Middleton

Debt Encumbered Oil, Sovereign Soil, Toil & Trouble: Can't You Hear Seems Cracking in the OPEC Empire?

@WSJ reports Libya Ramping Up Oil Production, Threatening OPEC (supposed) Plans to lift global oil place by artificially limiting supply. This would be in violation of federal antii-trust laws in the...

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Ten Years Since BoomBustBlog Was 1st Pub…

09-01-2017 Hits:1046 BoomBustBlog Reggie Middleton

Ten Years Since BoomBustBlog Was 1st Published & That Initial Research Still Relevant Today

We have looked into insurance companies' performance last month in regards to our bearish real estate thesis. A small comederie of companies are suffering losses and/or declining profits as we've exected....

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The Macro Truth About The Big Bitcoin Po…

07-01-2017 Hits:1222 BoomBustBlog Reggie Middleton

Bitcoin has dropped precipitously, and as is usual, we have the cacophony of instant digital currency pundits cackling about as if they had a clue. This is the inaugural post...

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To Bust or Not To Bust: Are We In A Real…

04-01-2017 Hits:890 BoomBustBlog Reggie Middleton

To Bust or Not To Bust: Are We In A Real Estate Bubble?

Banks are showing thin NIM, yet many of the big banks are able to boast stable if not slightly improving credit metrics. This doesn’t make sense considering the explosive growth...

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What Happens To Real Asset Lending Banks…

03-01-2017 Hits:745 BoomBustBlog Reggie Middleton

What Happens To Real Asset Lending Banks When the Real Funding Rate Appears? We're About to Find Out

During the financial crisis of 2008, money market funds who subjectively agreed to hold their NAV (net asset value) unit prices at $1 “broke the buck”. That is, the unit...

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Stress Test on Banks’ Earnings Facing th…

30-06-2014 Hits:44863 BoomBustBlog Reggie Middleton

Stress Test on Banks’ Earnings Facing the Veritaseum UltraCoin Value Transaction Platform

My last post on the topic of disintermediation during a paradigm shift was Wall Street Should Be First To Invest In Reggie Middleton's UltraCoin, Much Of It Won't Be Here In...

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Introducing the "Unbreakable Promis…

09-06-2014 Hits:39630 BoomBustBlog Reggie Middleton

Introducing the "Unbreakable Promise" As a Method Increasing Efficiencies and Decreasing Risk

Continuing on the margin compression theme originally laid out in Margin Compression Is Coming in the Payment Processing Space As $100 Million Pours Into Startups, I illustrate mathematically how the bit...

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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!