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To: David E. Taylor who wrote (118770)5/14/2002 2:07:15 PM
From: Wyätt Gwyön  Respond to of 152472
 
well, like a lot of journalists (especially permabears), i doubt Abelson has ever made much money in the market. but i don't think anybody could last that long at Barron's if they were getting kickbacks. i keep a salt shaker handy when i read him or anybody, but one thing about Abelson, his writing is often very funny even if you don't agree with him. i can forgive a lot of faults for that.

one other thing i think is funny is that briefing seems to cover Barron's obsessively now. they had about ten blurbs over the weekend on this or that sound bite from Barron's. including that Abelson is bearish on CSCO. like that is some kind of news. ROFL.



To: David E. Taylor who wrote (118770)5/14/2002 2:12:28 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 152472
 
also, it is not like i always agree with Abelson, although i do think he has a point about these "Get Shorty" rallies. i've seen a lot of stats of late about how up days are concentrated in bear markets. things like 19 of the biggest 20 up days on the Nas have occurred since March 2000. i must've seen five or six different studies of this sort (all with slightly different numbers--presumably they are measuring different indexes or something--but all with the same basic message) in the past WEEK. on Fleck, out of Bearron's, on comstock, on Lance Lewis, etc.

so there seems to be a bull market in bearish statistics if nothing else -g-.