To: ViperChick Secret Agent 006.9 who wrote (51111 ) 8/29/1998 3:53:00 PM From: Dwight E. Karlsen Read Replies (1) | Respond to of 58727
lisa, re "Breaking the Market Prognosticator's Code." : At the risk of showing my ignorance of what's on TV, can you tell me if this is a real show that's airing? The whole article looked like a spoof to me, including the line "We contacted every single famous Wall Street market pundit to get his or her on-the-record opinion on this groundbreaking program." Whereas Magicians have long been known to be able to do their tricks through simple distraction of the audience, or outright "okay I have to put a sheet over this lady while she crawls out from under the saw", the average joe or jane (includes me) isn't going to be able to understand "linear regression analysis" any better after having a technician explain it for fifteen minutes. Furthermore, it would be really really stupid for someone like Abbie Cohen to be criticizing free publicity regarding her area of expertise. Lastly, the so-called "quotes" from Abbie Cohen sounded so juvenile as to be surreal, if true."But when I turn on my TV and see this guy divulging the mysteries of 'Classification and Regression Trees' and 'Discounted Future Earnings Models,' it makes my blood boil. People in this profession have worked long and hard to keep the public in the dark about the meaning of these terms. Hey, what's wrong with a little old-fashioned mystery?" My guess is that the whole column is a spoof. But, I have to say that it have an official sound, including the bit about,Wall Street's most celebrated market mavens have banded together to sue the producer of the shows for divulging trade secrets. Last week, a federal court in Atlanta issued a temporary restraining order, preventing the airing of an installment in which the Masked Prognosticator meticulously explains what the terms 'Momentum in T-Bill Rates' and 'Head and Shoulders Formation' mean. duh.