Anguished Analysts & Tormented Tipsters N° 1
I pondered, over night, whether such a series would be overly harsh on the individuals involved, but have cast aside such doubts when considering the damage, lost wealth and misery they have surely caused their victims.
Thus for the first such entry I have chosen a Mr Hoffmann-Becking who on 31st March of this year, upgraded his rating on French banks thereafter appearing on Bloomberg to push that channel's viewers into buying and thus investing in the shares of the three major french banks. I cannot embed the video as, perhaps understably, embedding has been disabled by request, but you may view it from the following link:
http://youtu.be/74GOWTpwdQU
In the period of less than six months since this buy recommendation was made on TV, the stocks of the 3 banks have declined by an average of 37%. A good benchmark to begin this new feature of this blog! What bets on where the losses will lie after one year?
Labels: Anguished analysts
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