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Pastimes : CNBC -- critique.
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To: Mark Marcellus who wrote (7558)3/23/2001 8:51:03 AM
From: Mark Marcellus   of 17683
 
This morning on SB, they're holding Erik Gustafson's feet to the fire and asking him to justify his past bullishness. And Maria, of all people, is asking the question. Maybe we are seeing a new CNBC.

Erik's response is that he's paid to hold stocks and not cash (reasonable). But then he goes on to blame the Fed and say that his mistake was in not anticipating their unreasonable tightening. Now, to believe this you have to believe that Cisco at 82, EMC at 104, GE at 60, etc. all would have made sense if only it weren't for that mean old Alan Greenspan. Anybody who buys that argument should definitely rush to invest money in the Liberty Growth Mutual fund.
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