Saw your letter in Barron's this week. But these two are more interesting.
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To the Editor:
How dare Alan Abelson castigate Mr. R. for lack of class! Rukeyser's pre-broadcast "Dear Gail" e-mail shows tremendous growth from his infamous on-air blindsiding of former chief elf Bob Nurock several years ago. With Nurock's departure, Wall Street Week's technical index morphed into its current state of stupidity. Gail is much better off serving her clients and not playing this silly game.
As for the show itself, it is truly sad that a brilliant innovation in its day remains suspended in time, except for changes in furniture. I tune in these days only when there is a guest worth watching, as the rest of the program has degraded into a content-free exercise in ego gratification.
HARVEY R. GREENBERG
Westford, Massachusetts
To the Editor:
Eureka! In his characteristically misguided diatribe, Alan Abelson inadvertently supplies the answer to a mystery that has baffled savvy investors for decades: How can a financial columnist be so unfailingly wrong about the stock market for more than a generation?
The answer, he now reveals, is that he is tied up at deadline time and unable to watch Wall Street Week, which has consistently and correctly guided the largest audience in the history of financial journalism throughout the greatest bull market since Moses left Mount Sinai while Abelson kept stubbornly, and irritably, pointing in the wrong direction.
Clearly, it would be a public service if you find it impossible to change Abelson's hours, for us all to chip in and buy him a VCR, so he can record the program and begin to learn what's actually been going on in the world of finance all these years. I will be happy to kick things off with a $10 contribution, as a public service to any Barron's readers who might still be foolish enough to take this perennial Wrong Way Corrigan seriously.
LOUIS RUKEYSER
Owings Mills, Maryland
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