Barron's is not an investment weekly anymore. It's main attraction, Abelson, is a fogy, hates the way he looks, thinks he's overweight, lacking hair; thus, makes really stupid, and poorly quoted predictions about the markets. Others in this WSJ sister publication is just as inept in forecasting the markets. Every major writer, sans Cheryl Einhorn, lacks creative writing skills, with their articles appearing as re-hash of the stuff in the WSJ. You should read the Economist and Business Week instead. Or you could watch Wall St Week. Ruk-meister is a lot more accurate than Abelson. That is also why Abelson quotes so often from the likes of Barton Biggs and in past years, Michael Metz, two long-term loser market strategists.
Use your own research, man. That's how you can make the big bucks!
Cheers, Patsy.
PS: Why isn't anyone worrying about MSFT's book value of $2/share or GE's at 13? So, what's wrong with ICGE's NAV at $15. Yeah, I own ICGE bigtime, as the bitter writer in Barrons probably doesn't. He's not up 700% in it either. |
