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Remember the thread last week having to do with
the appearance of perma-bears in the media? Well
Abelson's current column quotes two more bearish
types,...so I sent this letter to the Editor. Due to the
disparaging nature of the letter I doubt it will be published,..
but I am posting it here as others in RT group commented
on this thread earlier last week.
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Dated 02-19-2000 (Via e-mail and hard copy)
The Editor: Barron's
200 Liberty Street
New York, New York 10281
To the Editor:
Thank you Barron's for dragging out the perma-bears. Last week,
Alan Abelson's column referred to the work of Jim Stack the "estimable
proprietor" of Investech Research. This week Abelson quotes both Alan Newman
"the savvy author" of HD Brous & Co.'s Crosscurrents newsletter,...as
well as Andrew Smithers the "epitome of learning and perspicacity" of
Smithers & Co. Apparently, kind titles make up in some way for the fact
that (at least up until now) the alarmist analysis of these bears has been a
poor forecasting tool. Longtime readers accept Barron's pervasively bearish
perspective as the norm. However, perma-bears receiving favorable media
attention (Barron's, CNBC, etc) often coincides with a market low.
Sincerely,...Jim Pilliod
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