To: SliderOnTheBlack who wrote (10970 ) 4/22/2002 10:26:38 PM From: SliderOnTheBlack Read Replies (1) | Respond to of 36161 "TOO BIG TO FAIL & TOO BIG TO BAIL" ...that was a typo in my earlier post; re: the coming derivatives implosion. PS: anyone else see Abby Joseph-Cohen on Rukeyser's new debut last friday night... saying she thinks the market is extremely under-valued...blah, blah, blah... money.msn.com ["Goldman Sachs investment strategist Abby Joseph Cohen said late Friday during the premier of the CNBC show “Louis Rukeyser’s Wall Street” that she expects the Dow Jones Industrials to rise 10% by the end of the year, and the S&P 500 Index to jump 15%. She said she set her targets -- 11,300 for the Dow and 1,300 for the S&P 500 -- relatively high because she believes the basics of the economy are sound, inflation is modest and the Federal Reserve “wants to encourage a long period of good growth” and will not raise interest rates prematurely or dramatically."] ...now I can't confirm that she really said the rest of this... Cohen, known as a “perma-bull” during the 1990s Bubble-Mania; obviously due to her steadfast support for stock-price "MANIPULATION, INTERVENTION & STABILIZATION" (Thanks to the ESF, PPT and the Rubinite Rape & Pillage Team), told Rukeyser that - "he had on, much too much pancake & that he looked like a 300 year old corpse" but also added that her latest pump & dump spin; is that this market is “modestly undervalued” because investors are concerned about things other than the basics, such as accounting shenanigans and that they are basically moronic sheep that must be led to slaughter once again. She also added, that after companies are done with yet another wave of cooking their books and making Voo-Doo adjustments to their income statements and balance sheets, that she believes over the next few months, that investors will once again buy into the economic recovery story; hook, line and sinker and will also start refocusing on small- and medium-sized companies that have found ways to prosper through financial engineering, just like the big boys at Enron (her former TOP PICK) did... Cohen said her asset-allocation model calls for institutional clients of Goldman Sachs to unload 75% of their equities into the deep anal crevices of the individual investor; just as they have so successfully done during the initial stages of the debubblization. She advised an underweighting of bonds overall, as that A-Hole @ Pimco; Bill Gross popped the GE Bubble and isn't drinking the Kool Aid as ordered... ...you get the point ~ Late-uh` $lider