The 10 Dumbest Analyst Calls of 2008

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When I review these three analysts’ work, I see a need to combine their efforts in a new model -- testosterone-free analysis. No hype, no hope, just agnosticism in the face of too much opinion.  And since the most laid back and incredibly accurate male analyst I know is Bill Gross of PIMCO, who speaks in a totally testosterone-free manner, I would put him in your reading mix.  A credit market and macro level analyst who has nailed it all year long. And made a lot of money doing it.

All four of these folks see secular changes in world credit markets and the U.S. economy, and I agree. I also agree with them that we will see more in 2009 of what we have seen in 2008: Wall Street surprised by a continuing mess in housing, a continuing mess in bank balance sheets and earnings, and a continuing shrinkage of credit due to the de-leveraging of all financial institutions and consumers.

So stay testosterone free -- metaphorically speaking, of course, for many of you -- and be careful who you listen to in 2009.

Learn more about Micheal Shulman's take on the the financial crisis