I’ve reflected on what you said about a bank analyst giving an opinion. There in lies the problem.
Would it make sense for BHP or RIO to have a division that gives out recommendations and comments on other listed companies/industries. Sounds ridiculous.
Capital is so precious. Every company is competing from the same pool. What doesn’t go to one company, may go to another.
We know of all the issues surrounding the banks and giving financial advice earlier this year.
I am not for one moment suggesting any foul play but it’s perception. Why are banks giving out recommendations on companies/sectors? As I said, everyone is competing for the same capital. I don’t need to explain much further but this should stop.
To be continued
Iron ore price, page-18148
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