HOW COME THESE GUYS STILL HAVE A JOB?

By "these guys," I mean Wall Street stock analysts. Most of them underperform market indices and that's been true for a while. The Big Picture finds this report from Bloomberg about a narrow slice of analysts, the ones who follow the stocks of Brokers and Dealers. Investors who followed their advice lost 17% in the last year, twice the decline of the S&P 500. Of the 38 analysts tracked, 31 produced losses, a loss rate of 81.6%!!!