I was interested in Fundamental analysis when I first learned trading. After the collapse of Enron and Worldcom, I was convinced that FA does have a problem. The a/c reports that people used to do FA may be jokes. And those a/c firms could use lots of tricks to make the reports look much better than it should be. I think the problem is not FA itself, it is the a/c guys who are making fun at us. It makes me to believe the old saying "charts don't lie". I add another one "accountants make fun at us"! When I hear people denounce TA, I would say FA is neither useful!