The "Lake Wobegone" Market

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Travel Politics Latest Video Thursday, May 26, 2011 The "Lake Wobegone" Market A quick reminder that you should completely ignore analyst BUY and SELL ratings. Catalpa Capital Advisorshas gone through all the analyst ratings on S&P 500 stocks that are found in Bloomberg, and averaged them together to find that a stunning percentage of stocks are seen as being BUYS or OUTPERFORMS. According to Wall Street analysts, 92.6% of the companies in the S&P 500 Index are above average. Compared to the children in radio’s famed fictional town of Lake Wobegon, all of whom are above average, the stocks in the index come up short. But just barely. Read » Also On Clusterstock Today: Federal Prosecutors Point Out That The DSK Defense Team's Swipe About "Leaks" Was A Little Hypocritical Andrew Ross Sorkin: Bubbles Are Not Preventable, And It's The Government's Responsibility To Mitigate Them Former NASDAQ Exec Don Johnson Pleads Guilty To Insider Trading The Crazy Story Of How Jeff Gundlach Got Into Money Management Advertisement CHART OF THE DAY: Have You Seen The Spike In US CDS? CHART OF THE DAY: Proof That Everyone In The Market Is A "Beta Chaser" CHART OF THE DAY: Why An Italian Debt Crisis Should Scare The Crap Out Of Everyone Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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