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Friday, December 11, 2009

Don't Get Your Investment Advice from Maria of CNBC Either...

I tend to leave it on with the sound off if at all, but I did catch this one.

NASDAQ stocks with the biggest potential for big gains:

"We went through the nasdaq and found the stocks trading at the biggest discount to analysts forecasts" (and those have the most potential for increasing to that target is I guess the rationale for highlighting them).

More logically the segment should have been labelled:

"Nasdaq stocks where analysts have been least accurate in predicting future stock price."

but of course that would have highlighted how bad stock analysts (frequent guests on cnbc) are at predicting stock prices.

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