Biotech Values

[medchal]

"1) Why do large wall-street houses pay exhorbitant amounts of money to analysts so that they give their opinion for free to the public? Are they a charity or is it manipulation?" Because they can't make money unless people are buying and/or selling, and their customers expect it. Call it manipulation if you like.

"2) Why does wall-street allow shorting (legal or naked does not matter). Is it really for 'liquidity and efficiency' or is it for manipulation?" It's for making money and because they've always done it that way. Why do they allow buying? Sometimes it does add liquidity and efficiency. See the following if you have the time:

http://www.scattered.com/hlightd.html

"3) Why does the financial media (including CNBC, Forbes, Wall street joornal, reuters, and all the rest...) put such a concerted spin in reporting about stocks and companies, and why is the spin always identical for all the media? Is it to inform the public or is it because they get dictated to them by the crooked hedgies?" They don't. That's just your spin on financial reporting. There are often wide divergences of opinion in the financial press. Hedge funds wouldn't go broke from time to time if the situation were as you paint it.