China?s Analysts Haven?t Been This Wrong on Equities Since 2009
June 29, 2016 ? 12:00 PM EDTUpdated on June 29, 2016 ? 9:57 PM EDT
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As to why analysts didn?t anticipate the scale of the shift: Foundation Asset Management (HK) Ltd. says in a market where short-selling is almost impossible, there?s little demand for negative research and strategists face more pressure to present an optimistic outlook.
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June 29, 2016 ? 12:00 PM EDTUpdated on June 29, 2016 ? 9:57 PM EDT
snip
As to why analysts didn?t anticipate the scale of the shift: Foundation Asset Management (HK) Ltd. says in a market where short-selling is almost impossible, there?s little demand for negative research and strategists face more pressure to present an optimistic outlook.
more..