Peter Cohan, my colleague here at BloggingStocks, recently wrote about Henry Blodget's latest prediction: Google (NASDAQ: GOOG) is going to $2,000! Cohan summed up my reaction nicely: "Is this achievable? Who knows. But one thing's for sure, I am one sucker who took the bait to write about Blodget's call. So while the SEC has banned Blodget from providing investment advice, he remains as media savvy as ever."

After he agreed to a lifetime ban from the securities industry for his role in promoting internet companies (while trashing them in private emails), Blodget has managed to stay in the spotlight. He wrote a terrible book called The Wall Street Self-Defense Manual, which leads me to the thing I dislike most about Blodget. I would love for Mr. Blodget to be a great redemption story but the sad fact is, this man doesn't really seem to take responsibility for what he did. Consider this snippet from his book:

If missing the top had been my only mistake, I would have survived . . . I also made a more serious mistake, however, which was to write a lot of emotional unprofessional e-mails, especially during the heat of the crash. Later, amid the wreckage, when the press, public, and regulators began calling for blood, my emails did me in . . . I was accused by New York State Attorney General Elliot Spitzer of having made remarks in e-mails that were "inconsistent" with my research (popular translation: "privately trashing stocks he was public recommending"). Along with others, I agreed to pay a humongous fine and be barred from the industry. (Bold added by me)