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Barron's publishes comments and interviews espousing a wide variety of
opinion from bullish to bearish. The perma bulls routinely bash Barron's
for the bearish comments. What Barron's does not do is unconditionally
participate in the new paradigm, high tech at any price mania. While
Abelson has commented at length on the overvaluations in the market, it
has been long forgotten that Abelson was one of the very earliest bulls
back in the early 80's when no one wanted to own stocks. I personally
enjoy Abelson's writing and his comments worth considering. Any good
trader/investor does not rely solely upon such comments for decision
making, preferring to perform his/her own analysis.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, February 19, 2000 6:11 PM
Subject: [RT] A Letter to Barron's...
> 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.
> ******************************************************
> 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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