Another piece of data supporting the idea of contrarian investing, this time from Bloomberg.
The money quote:"
Companies in the Standard & Poor's 500 Index that analysts loved the most rose 73 percent on average since the benchmark for U.S. equity started to recover in March 2009, while those with the fewest "buy" recommendations gained 165 percent, according to data compiled by Bloomberg. Now, bank favorites include retailers and restaurant chains, the industry that did best in last year's rally and that are more expensive than the S&P 500 compared with their estimated 2011 profits."