>>>But I will never, ever, forget March 2000 when she decided not to be overweight in technology. Think about the events that unfolded after that. Hell, most of those Wall St bozos are just that: BOZOS<<<
I remember it well too. As a matter of fact, CNBC broadcasted her call live, that she was pulling out of tech, and placing 6% into either bonds or cash. We all know what transpired after that.
BUT, I also remember on two different occasions after that, she increased her exposure to stocks, and the Nasdaq sold off 1000 points in both instances. One, when the Nasdaq was 4200, and the other when the Nasdaq was 3200. She also had 2000 year-end targets for the S&P @ 1676 too. Her calls have been so bad for the Nasdaq for the past 6 months, that she didn't even bother to give a year-end Nasdaq target for 2001, even though her colleagues did(Applegate: 4600; Battipaglia: 4300; Galvin: 4000)
I feel she is nothing more than a pawn for Goldman. When she makes a public call, there is a reason behind it. Probably, either a big client wants out, or Goldman is short themselves, therefore they need to start the ball rolling, by making a public announcement on CNBC for investors to limit their exposure to technology. I suspect she will be wrong again soon.
KM |
