Barron's Mini review: So-so issue this time, though a few gems. 1. Abelson touts Ben Stein's new book, "Yes You Can time the market." I like Abelson. I like Stein on money and comedy, hate him on politics. And I'm still mad that I never had the chance to take his money on "Win Ben Stein's Money." It sounds like an odd little market timing book, in that it is fundamentally based on values. Buy low, sell high. Still, some funny stuff if Abelson to cull all the good lines for his rag: "Are you by any chance a 'high net worth' individual? That special handling everyone is giving you is merely the anesthetic that precedes the surgical removal of your wallet." "Charlatans are everywhere, and if you have money to invest, they will find you." However, some items make me question in what century the tome was penned, as opposed to published. "A crackpot with a mimeograph machine selling a market timing newsletter." Mimeograph? How about a Ditto Machine? Or how about "do not put a penny into a gumball machine until you see a gumball." When's the last time anyone was able to get a gumball for a penny in our wildly deflationary economy? <G>
Abelson still thinks the stock market is a' bubblin'.
He quotes Doug Kass who is short Danaher.
2. Randall Forsyth has an article stating that interest rates will be low for a very long time. Unconvincing, though I'm not certain that isn't the Rydex Juno long talking.
3. Article about the progress women are making in their careers. Written by a man.
4. Outstanding interview with Mark Mobius about emerging markets. He likes China, South Africa, Brazil, Mexico and Turkey. Dislikes Pakistan, Venezuela, The Philippines, Chile and Nigeria. Addresses the valuation gap between emerging markets and the US scamarama. Good stuff, though he's wrong about Chile.
5. In Market Watch, the stuff from "Daily Market Clues" sounds like it came from this thread. The author, Bob Carver, refers to options expiration week as options manipulation week.
It won't take you long to read, but you probably can't read all the good stuff in the store without getting some nasty looks from the clerk. |
