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Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments by Joshua M. Brown

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18The Global Settlement

“Hi Doctor Ed, it’s Josh. How’s it going this morning?”

“You know, the usual. I have a full day of a bunch of patients coming in today. How’s my stocks looking?”

“So far, so good in the premarket. There were a bunch of analyst upgrades and downgrades. Let me see … Oh, okay, Lehman Brothers just went to an ‘overweight’ rating on Intel …”

“Wait, a what rating?”

“Overweight. Intel.”

“What the hell does that mean?”

“Not sure. I guess they’re saying Intel’s gotten fat, could stand to drop a few pounds.”

“Come on, seriously? They like it or they don’t?”

“Yeah, all the brokerage firms are too scared to say ‘buy’ or ‘strong buy’ anymore. So they all have different ways to say it now. It’s all messed up, I don’t know.”

“Okay … ...

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