hilarious. so MER downgrades banks -> markets down -> insiders buy (as per edgar) -> markets up -> LEH downgrades bank profits -> market down -> [what happens next?]
Shouldn't there be a conflict of interest there when LEH downgrades the other investment banks? It's like saying you're shorting your sector when in fact you're not. When there's no news people flock to "analyst ratings", like they know any better. Just stick with the trend, when it comes.