Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market

1. Decoding Wall Street's Well-Kept Secrets

As a securities analyst for 32 years, I am amazed that naive investors can be so misled by Wall Street doubletalk. You can be an astute investor only if you fathom the puzzling and often deceptive nature of the Street. Do what Wall Street does, not what it says. Don't take the Street literally. Wall Street operates in strange, ambiguous ways that it would prefer to keep secret. Its research cannot be trusted. The individual investor is an afterthought, mostly neglected by analysts and brokerage research departments. Analysts' opinions change and their statements move stocks. The media passes along analyst commentary and prints their views. Corporate executives react to Street sentiment, and attempt ...