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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (62210)	9/16/1999 7:00:00 AM
From: MythMan	Read Replies (2) \| Respond to of 86076

that has been standard BS in this market. Just buy tech and screw everything else. Look at Abby.. >>GUTSY CALL...From the Dear Blabby department, Abby graced the Street with her "new and improved" forecasts for the S&P yesterday.ÿ 1385 by year end and 1450 by the end of 2000.ÿ For those of you nit-picking, "old paradigm" math freaks, that's a 3% rise into year end and a 7.4% projection for the next 15 months.ÿ What Abby neglected to point out in her latest cheerleading routine was that a simple 15 month Treasury would earn a 7% return over the next 15 months risk free!ÿ If Abby truly believes her own prognostications, shouldn't she be pounding the table that investors leave stocks and put their funds into short term Treasuries?ÿ By her own work, potential returns of the two asset classes are roughly equivalent looking forward 15 months.ÿ From a risk standpoint, clearly the Treasuries would be a standout winner given similar upside return projections.ÿ Aren't investment strategists supposed to assess potential return and POTENTIAL RISK among various asset classes?ÿ Not in today's world.ÿ You just gotta love those whacky Wall Street investment strategists.ÿ (Don't you?) <<