Flipping a coin would have been potentially more effective than buying bank stock picks [Read More]
Summary… * Machine-Made
It's hard to ignore a bet by a powerful investment bank such as Goldman.
The folks at InterTrader have done considerable legwork to dive deep into the data on investment bank recommendations made in 2015.
That's right – flipping a coin would have been potentially more effective than buying bank stock picks, which ended up down -4.79% on the year.
Overall, Deutsche Bank's performance here definitely didn't do much to help the struggling company get out of its rut.
An important caveatThroughout the above article, we are showing the results if stock picks were held from when they were made until the end of the year.
Opinion… * Man-Made
The smart money is making dumb stock picks… should one follow the recommended buy/sell advice? #Trend
Source: Business Insider