Analyst's "professional disease": Why are bullish and bearish views always out of balance?

Question

【CryptoPush】Industry insiders have commented that a well-known crypto market analyst is long known for his obvious bullish stance. Data shows that his bullish to bearish viewpoint ratio is about 10 to 0—essentially no downward voices.

However, when the market actually faces a correction risk, the situation shifts slightly. He will briefly acknowledge some downside risks and then adjust his viewpoint ratio to about 9 to 1. It sounds like a concession, but from a relative perspective, this is what is called the alpha value.

Interestingly, this may be the fate of those engaged in sell-side research. Long-term in this position, analysts seem to find themselves in this somewhat awkward situation—they need to maintain market enthusiasm while occasionally showing professional caution. A bittersweet balance.

MelonField · Accepted Answer

10 to 0 to 9 to 1, this is called changing your tune haha

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Too brilliant, sell-side analysts are stuck in this dilemma, wanting both a livelihood and a reputation

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I knew it, why did this guy suddenly start talking about risks? Turns out he was pretending

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What a clever balancing act, maintaining popularity while appearing cautious, a win-win situation

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Isn't this just a trade-off between making money and integrity? It's hard to choose either

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Laughing to death, is alpha value really achieved this way? Then I can do it too

MultiSigFailMaster · Answer

10 to 0 to 9 to 1, is this called "professional"? Laughing to death, looks the same as no change

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The ratio of bullish to bearish views, honestly, it's a business model issue, right?

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The fate of sell-side analysts... so retail investors are just meant to be harvested, right?

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Alpha? I think it's just "if I'm wrong, I'll pretend to have changed" alpha

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It's hard to hold, admitting risk and daring to make concessions? Then every time I buy the dip and say "might lose money" is just being cautious?

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That's why I never believe analysts' words, it's all driven by interests

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Someone who watches bullish all the time, suddenly looks bearish once and calls it professional, then I can also be an analyst

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Sell-side research... just sounds unreliable, how do you guys make a living?

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10:0 to 9:1, can that still be called adjustment? That’s called incompetence, my friend