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To: Gary H who wrote (15395)8/6/1998 7:40:00 PM
From: long-gone  Read Replies (1) | Respond to of 116764
 
RE Abbey the market mover
Gary,
IMHO You lack the correct insight of cause and effect.
CNBC believes she turned the market.
It was also stated that way by Bloomberg.
But, it gained momentum after she spoke.
An old saying we must all learn from - or die by:
BULLS MAKE MONEY!
BEARS MAKE MONEY!
but
PIGS ALWAYS GET SLAUGHTERED!!!!!!!!!!
I will hate to see the mass destruction of wealth that will come when
"buying the dip" is the wrong tactic.
rh



To: Gary H who wrote (15395)8/6/1998 9:17:00 PM
From: PaulM  Respond to of 116764
 
"I don't think Abby single handedly turned the markets"

I don't think so either. I quoted from an article that stopped just short of saying that.

As for the insight she expressed that was "correct," it's difficult to take seriously her arguments that stocks are "undervalued." Her consistent position in this regard has been that, not one, but ALL traditional stock valuations measures are flawed.



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