Record: 60 Minutes II: Wall Street Prophets
60 Minutes II: Wall Street Prophets
|Video Call Number:||Location:|
|1266||Biddle Law Library|
If youre like a lot of people you probably lost a bundle when the bull market went bust. Billions of dollars were wiped out in stocks and in retirement accounts and a lot of that was lost following the advice of Wall Street stock analysts. Most investors believed their advice was unbiased, based on what the analysts really thought. But now it is clear that in many cases, analysts were hawking stocks that they believed were losersbecause selling those stocks would make their brokerage houses richnot you. 60 Minutes II investigates.