In an unusual twist on the debate over analyst independence, Jamie Dimon, chairman and ceo of BANK ONE, surprised analysts last week by scolding them for being excessive about earning forecasts for next year. Surprising, because he was not talking about some dot.com or another Enron, but his own bank. According to the Financial Times he said in a conference call last week, "In general, you would have to see absolute blue skies to get those very high numbers." He added, "I would caution that when you fly that high, you can get burned."
