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To: ViperChick Secret Agent 006.9 who wrote (51111)8/29/1998 12:49:00 PM
From: coug  Respond to of 58727
 
Thanks Lisa,

Great post.. I haven't got my Barrons yet out in the mtns..

My initial reaction, being a complete cynic, is that these high
profile gurus want the the "poor unwashed masses" to think that
they have it, had it, will completely figure it out so the masses will continue to follow the big name gurus around when they come off "the mountain" and proclaim
BUY, SELL etc.. while they (the gurus)have already "front run"
their proclamation.. Any way thats my opinion..

per Bernstein, I have a couple of his books and don't use his nos.
anymore but I found it interesting the completely bearish stance
of the trades..

good luck..



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.



To: ViperChick Secret Agent 006.9 who wrote (51111)8/29/1998 7:42:00 PM
From: ratan lal  Respond to of 58727
 
I am amazed and absolutely cannot believe that someone can be barred from INFORMING the 'consumers/ about the techniques being used to predict (read that mnipulate) the stock market.

ANd for the judge to give a temporary restraining order is to prevent someone from benefiting himself and others and trying to provide level playing field against the SHARKS that have and conitinue to screw the general public.

Lawyers, Doctors, Prostitutes.....now you can add Stock market Gurus to the list of people to stay away from.