When Chinese companies buy major U.S. brands, we're left to decide how much we trust the "Made in China" label. But this time, the acquired company is a top independent stock analyst, and the trust question could put your portfolio at risk.
That's the average prediction for 11 analysts polled by Bloomberg News. Goldman Sachs's David Kostin, Bloomberg's most accurate U.S. strategist this year, is even more bullish. He says sales growth will spur a 17% rally in the S&P 500 through the end of 2011.
The financial media loves to pluck struggling analysts from obscurity and propel them to fame on the backs of a few good calls, then shoot them full of arrows at them when their predictions start to fail. And inevitably, those so-called gurus will fail. Here's why.