Stop paying attention to Wall Street research!

Is it just me or are Wall Street analysts asleep during every bubble? First the equity analysts with theInternet bubble, now the ratings agencies(Standard and Poor's, Moody's, Fitch) with the current credit bubble. Why do investors, retail and institutional alike, rely on them for information? Well, I can see why the big boys would put such faith in research, since they're the authors, but the little guy should take a page from Warren Buffett and only read Wall Street research for laughs. Wall Street analysts and ratings agencies are not the SEC. They're not interested in protecting you or your money.