Brokerage recommendations suggest investors buying or selling financial instruments. Their quality is variable in long time and is better during up-trends. But the most surprising thing is optimism of financial institutions - they recommend buying stocks (over 70% cases!) despite of bad sentiments and bear trends on the markets. In the article the results of Polish blue-chip stocks recommendation exploration are presented. It covers 2007-2011 and tries to explain why during hard times there are significant dominance of buying "recos".
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.