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Pastimes : James Cramer Skeptic Thread

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To: Gary M. Reed who wrote (1171)3/15/1999 5:40:00 PM
From: David W. Taylor  Read Replies (1) of 1254
 
>> Does this mean that Abby Joseph Cohen's market calls are now tainted? >>

In simple terms, the answer is "Yes." AJC is the rabble rouser at Goldman and there are a very large number of people, who have worked at Goldman for years that want their share of the goodies. Is advice from Goldman likely to be tainted. My gut says "Yes."

>> He has also beaten the S&P over the past 10 years. >>

I agree that he has done very well over the long term, but given his "whack 'em" trading style, he was obviously throwing caution to the winds last year and trying for a really big win. He forgot his discipline and he has effectively admitted it. That would be OK for an individual but he has a responsibility to his fund owners.

>> Read Herb Greenberg's daily columns. You'll see a daily reminder of the bubble. >>

JJC did call a crash on October 8 but then hurriedly reversed himself. He was obviously attacked from all sides for being bearish, so he did the only thing that a journalist / fund manager could do. He swung back to bullish, because that was what his public was telling him they wanted.

He'll be fine, like Clinton, until the Big Kahuna wave downwards hits and then he will be abandoned so fast that he will need therapy.

Should I pay him $6.95 a month for this biased viewpoint? No. Will I miss his columns on how his world works? Yes, very much. Those columns gave me basic understanding but never made me a dime.
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