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Abelson (and Barron's) bashing seems to be in vogue on this list.
Abelson, if nothing else, is thought provoking and he makes money for
his readers or he would not have survived all these years. The talking
heads and their common wisdom, which has been largely untested by a bear
market, are all around us. Abelson carries no water for the brokerage
firms or for the common wisdom. In the early 80's when the world was
full of bears, Abelson was an unabashed, screaming bull. In late 98,
when common wisdom held that oil was going to $6 a barrel, Abelson was a
screaming bull on oil. There have been many other nuggets over the
years - Abelson frequently spotlights unique investment opportunities
which aren't to be found among the talking heads. Ditto for much of the
diverse content in Barron's from the quarterly Round Tables to the
columns on economics, rates, international investing, and other topics.
The wise individual seeks a diversity of thought and opinion, then makes
up his/her own mind.
Earl
----- Original Message -----
From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, February 26, 2000 12:26 PM
Subject: [RT] Abelson
>
> Abelson is in the same category as Walter Winchell...drumming up
> contrversy.One columnist does not make a whole publication the
"Natinal
> Enquirer" of Finance.Comparing IBD which I also read to Barrons is
like
> comparing the New York Times to USA Today.They all have their place in
my
> book.It is not a question of who is right or wrong.
>
> When you see the Bear on Time magazine cover-Buy.When you see the Bull
on
> the cover-Sell.Same with Abelson.
>
> Sincerely,
>
> John
>
> >From: Jpilleafe@xxxxxxx
> >Reply-To: Jpilleafe@xxxxxxx
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Subject: [RT] Re: Market Direction-Dow/S&P
> >Date: Sat, 26 Feb 2000 13:51:30 EST
> >
> >In a message dated 2/26/00 8:26:26 AM Pacific Standard Time,
swp@xxxxxxxxxx
> >writes:
> >
> ><< As for Barron's, they have all the credibility
> > of the National Enquirer. >>
> >
> >Steve Poser is right,....both about the credibility of Barron's and
what
> >qualifies as
> >a Bear market.
> >
> >As long time readers of Baron's know,..their publication,.like any
> >mainstream
> >proxy for public sentiment or mass psychology,..is most useful as a
> >contrary
> >indicator. Abelson has been prevasively bearish for the past five
years.
> >Ask
> >yourself if Abelson and company would have made you any money if you
had
> >followed their bearish perspective. I would be very concerned if
Barron's
> >got
> >bullish,...witness their May 4, 1998 cover of a fire-breating bull.
> >
> >Regarding the Dow,...IF the Dow-30 still had CHV, GT, S, & UK (which
were
> >removed) the average would be down 20.8% vs the current 14.2% for
the
> >"New"
> >Dow-30 with growth issues HD, INTC, MSFT, and SBC. What difference
does it
> >make?
> >
> >The Investor's Business Daily Mutual Fund Index which is a good proxy
for
> >growth or
> >New Economy issues is up 11% YTD,...in line with the NASDAQ. Clearly
it's
> >new economy vs old economy and has nothing to do with a bear market.
> >
> >Regards, JIM Pilliod jpilleafe@xxxxxxx
> >
> >
>
> ______________________________________________________
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>
>
>
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