Wall Street won’t sell when you want them to

Wall Street is catching some flak for refraining on sell recommendations:

Analysts rarely said “sell” before the Spitzer settlement because they didn’t want to jeopardize investment banking fees. Now, they’re more concerned about maintaining good relations with company management.

Meanwhile, Ben Stein is throwing Goldman Sachs a one-two for talking their book – right now Goldman is short the mortgage market, and they recently released a less than enthusiastic report on the housing market.

Maybe Mr. Bueller should quit whining and sell his tech stocks while he can – Goldman recently downgraded many of those as well.

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