Analyst opinions really annoy me! It is obvious they are meant to screw the average trader, not help him. GM is the latest example today. The stock is down 90% year to date. There are currently 11 analysts covering GM.

One has a BUY rating still (so we bought $20, $15, $10, do we buy $3 now?)
Five have a HOLD rating (good way to create tax losses!)
Three UNDERPERFORM (Underperform WHAT, the analysts track record?)
Two say SELL (after the stock has dropped 90%, gee thanks!)

The two brave Sell side analysts have come out with their report TODAY after the stock price has been decimated in the last two weeks. I don’t know about you but I’d prefer to hear the SELL rating two months ago when the stock was $14, not here at $4. Then again the reason for analyst ratings are to suck in fools to buy what their respective brokerage is selling. Think of analysts as Used Car Salesmen. Their rating reports are akin to the sticker you see on a 1984 Chevy; “Just like new, Only one owner! New paint!” Look under the hood and you see an engine with 500,000 miles on it.

TEN THINGS THAT ANNOY ME ABOUT THIS MARKET

1. JIM CRAMER – how is someone with a track record worse than a 3 legged horse STILL on the air?
2. ANALYSTS– How some of these analysts stay employed is beyond me. Today's example is GM, down 80% in the last month and TODAY at a 40 year low they downgrade it! Thanks Mr. Analyst for your TIMELY research!
3. BUSINESS MEDIA – gone are the days of reporting news, now all they care about is MAKING news to sell ads. Speaking of ads please click on mine so I can pay the bills!
4. RATING AGENCIES – this deserves an article on its own (coming this week). How are Fitch, Moody’s and Standard & Poor’s STILL in business? They have missed every single financial crisis of the last 20 years!
5. CNBC – I mentioned these clowns already but they are SO BAD it deserves another mention!
6. COMPUTER PROGRAMS – this one used to be funny, not so much anymore. Those 800 point intraday day moves in the market are all from poorly written computer programs
7. JIM CRAMER – ever notice the computer programs trigger AFTER Cramer has come on the air? Program language is likely SELL EVERYTHING once Cramer says BUY any stock!
8. POLITICIANS - Politicians that schedule MEANINGLESS press conferences during market hours. The latest being Friday when President Elect Obama called a press conference on the day of the worst Employment Report in 14 years and talked about WHAT DOG TO HAVE in the White House! You want a DOG President Obama? Buy a Cramer Stock Pick!
9. ONLINE BROKERS - thanks to a wave of mergers all we have left are a handful of brokers that only crash when you MUST trade! After so many years you would think they’d invest in some cheap servers!
10. FOMC MEETINGS - the world comes to a halt every time the Fed meets and for what? There are likely 1 in 10 people who actually understand the gibberish that comes out. Guidebook to Fed announcements – when the market is in a recession they say everything is ok. When the market is fine they say we have to stop the good times. Rinse and repeat!

Jerry Yang turned down $41b in February, stock price now $17b. GOOD JOB JERRY! I get SOO ANNOYED when I see companies pull this crap! Another recent example was ACLS. In June they turned down $6 per share. Stock price last week was 50c. WAY TO GO! Management teams like this should be lined up and SHOT. It's not like they wont make a fortune in ANY buyout. Those happy times are gone now greedy management!