Thanks funny site http://tiava.in.net/ tiava  Sadly, the independent research industry never really took off, the fuel of the SEC settlement notwithstanding — and when the end of the five-year settlement period coincided with the onset of the financial crisis, that was pretty much the end of that. But still, there are independent institutions out there which put substantial resources into sourcing and publishing important information about the various sectors of the economy — information which is invaluable for the market. The more such information we have, the more efficient the market becomes.