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..... in order to get people to sign up for his pay service.

That's one reason. Supporting a short position, getting prospective clients to transfer accounts or sale of certain products (usually insurance related) are other reasons.

As I've said and will continue to say, the 'free' retail financial information marketplace is not there to educate, enlighten or inform. It is there to sell its medium, its products or its positions. This medium's process of 'Analysis' BEGINS with a conclusion (that is usually popular at that time), then the worker bees scour the data, 3rd party reports, economic speculation and anything else to find those line items that support their conclusion while downplaying, marginalizing, dismissing or simply ignoring those bits of information that do not support their conclusion.

In the end, the market place is indeed efficient: the quality of what you get is determined by what you paid for it.

BruceM
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