Morgan Stanley Dope

Written by Nexcerpt on December 7th, 2010 in Patterns & News.
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Here’s why people see Wall Street as a con game:

   Google Added To “Best Ideas” List At Morgan Stanley – Eric Savitz – Tech Musings – Forbes.

Forbes shows the idiotic audacity to insinuate that “GOOG is up $14.15, or 2.5%, to $592.51” because “Morgan Stanley analyst Scott Devitt” likes it? Consider the implications of asserting that, “shares are getting a boost this morning from Morgan Stanley analyst Scott Devitt”? (Hmm… which is the source of the idiocy, and which of the audacity: Forbes, or Eric Savitz?)

No one would have thought to buy Google this morning without Scott Devitt’s insightful reminder?

It couldn’t be Google’s announcements yesterday — such as the “the not-entirely-unexpected Google eBookstore, a challenger to the Kindle crown, and then the entirely expected Android 2.3 / Nexus S launch… a Motorola tablet running not the just-announced 2.3 Gingerbread, but the version after that, 3.0 Honeycomb… the newest version of Google Maps, featuring 3D buildings rendered in real-time… a two-paned GMail client – not unlike the iPad…” AND “if you’re still not bored of Google, remember we’ve got that big Chrome OS announcement later today.”

Seriously, why not credit Jon Norris — and that article he wrote at RCR Wireless — with today’s boost in Google futures? He reported Google’s news before Scott Devitt did. He probably used Google before Scott Devitt did.

Sure, Google is likely to continue to increase in value — but it won’t be because anyone at Forbes says so. It’ll be because they’re making stuff that people use. Has anyone at Forbes ever made anything that people actually use?

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