Falling down

Investment analysts tend to be optimistic by nature. And anyway, it is easy to churn out glowing reports during ebullient times. But what happens when the markets start to display the erratic behavior witnessed over the last few weeks with prices hanging onto every snippet of news? Do they suddenly start blanking out chunks of their latest recommendations or rushing out completely new drafts? Traditionally, sell-side research analysts have been reluctant to revise forecasts because there