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Feedback: Conflicted Wall Street Analysis

Michael Covel (March 28, 2005)

I applaud your web site and all of your efforts to provide a variety of comprehensive information for all types of traders. As a member of a fixed income trade support team, I always try to analyze our traders' decisions and strategies, while keeping a watchful eye on market movements. I have enjoyed many of your articles about individual traders, advice, and strategies. I also found your article regarding Goldman Sachs Research especially true to reality. I agree one hundred percent with your analysis and opinion of how meaningless this research actually is. Any securities research (originating from a one of the larger dealers on the street) is most likely rift with conflicts of interest. The most ironic and entertaining aspect of all this supposedly astute and insightful research is that (as you pointed out) these dealers do not even incorporate their research into their trading strategies!
Web Visitor at Major Investment Bank

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