Be fearful when others are greedy. Be greedy when others are fearful.
Big surprise for you all. Turns out Wall Street analysts are wrong and you may want to consider doing the opposite of whatever they tell you to do (hmm, maybe not so surprising).
Motley Fool wrote an interesting article this week comparing the YTD returns of the stocks with the most sell ratings compared to the stocks with the most buy ratings as of Jan. 2013. Turns out on average, the companies with the most sell ratings are up 75% YTD, and the ones with the most buy ratings are only up 22%. In comparison, the S&P 500 is up 27.4% YTD.
Highly recommended reading, check it out here.
This article underscores the importance of doing your own research. Never take a stock pick at face value; make sure you actually believe in it as well. Sometimes the best gains come from being willing to think differently than everyone else.