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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (22975)	3/31/2000 9:26:00 AM
From: RocketMan	Read Replies (1) of 57584

In my opinion, the recent Abby Joseph Cohen report which tanked the markets this week, [which I immediately dismissed as fundamentally insignificant and showed why]. . . was shoved down our throats by CNBC. . .as they mentioned it every minute or two throughout the day. . . Not to defend Abby, since I don't trust any of these gurus, but I doubt if even she realized the effect of her taking 5% into cash would have, and how CNBS would play it. Remember, she and her clients, if they followed her advice, would still have 95% of their equity money invested. That 95% took at least a 10% hit, more like 15-20% since it is in aggressive growth stocks. So her clients are probably just as p* off as we are.

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