From Barrons.com: Stifel Nicolaus analyst Barry Bannister offers some interesting thoughts about market bubbles, after admitting that he’s learned some lessons from being wrong maintaining a Sell rating on shares of Caterpillar (CAT) in the last 12 months.
The stock is up 33% in that time, handily beating the S&P’s 8% or so return, so clearly Bannister hasn’t made anyone much money with that call……………………………………….Full Article: Source