Ya'll Nibbiars To look at quality of opinion you have to look incentive structure. Brokers earn money when you buy and sell. A client buying a ton of stocks and quietly sitting watching the market triple is no gain to the broker.
A broker makes money only when you trade. So in a bull mkt brokers will keep writing bull reports. If PE doesnt justify valuations, they will use PEG. If 1yr fwd doesnt justify valuations, they will use 2yr fwd data. In a bear mkt, brokers will only put out sell reports, because its easier to get you to sell than buy in that environment. And they make money irrespective of whether you sell or buy. Always take broker reports with a pinch of salt.
On Indias GDP. Solicit facts, dont solicit opinions, is motto in investing. And i have been fairly successful so far with it. Dont just ask "what someone is saying", also ask "why they are saying it?".
Bhagwan Uvacha