SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Guidance and Visibility
AAPL 278.37+0.1%Dec 12 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stevenallen who wrote (61390)7/21/2002 12:23:45 PM
From: 2MAR$  Read Replies (2) of 208838
 
Oh god , Abbey Cohen was on "Face The Nation" pumping
stocks again, explaining that stocks always tend to
overcorrect after a "bubble". Such precious prescience <g>

Yet knowing that fact , back in march 31, 2001 she was calling for
DJIA @ 13K and S&P to 1650... as her year-end targets:
thestreet.com

" Cohen raised her equity weighting to 70% from 65% and left 30% in bonds. Cohen hasn't changed her portfolio weightings since March of last year, when she lowered her equity allocation. "We believe that attractive equity valuation has been restored." She is maintaining her year-end target of 1650 for the S&P 500 and 13,000 for the Dow Jones Industrial Average. "

It would seem Face the Nation forgot to include some of her previous forecasts in their intro, or Goldman Sachs the Kings of pump & dump using her to create rallies to dump into.

** she was only off by 5000pts on the DJIA , and 800pts on S&P on that prediction. Maybe she meant the year 2005, not 2002 ? But we know the important thing was Goldman got to dump, on her pumps before .

Maybe people should send those "FaceTheNation" dinosaurs a few links to some of dear Abbey's calls , and the accompanying charts and remind them of all the sad bagholders that got stuck losing most of their money following Cohen's pumps .<G>

CBS "Face the Nation" contact/complaint info here:
cgi.cbs.com:8000/apps/feedback/make_form.cgi?name=Face%20the%20Nation&email=ftn@cbsnews.com&affiliate=network

;-)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext