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The bear is still alive and well on Wall Street

Any guesses on a "bottom"?

   
6:20 pm on Aug 2, 2002 (gmt 0)

WebmasterWorld Administrator skibum is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Dow - 6700
NASDAQ - 975
S&P - 740
4:11 am on Oct 10, 2002 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



skibum,

I affectionately refer to her as "cone head" because she must chug 6 packs of beer all at once to come up with her market calls. She obviously makes a lot of $ by talking bullish all the time, not from trading bullish.

They should pay me her salary, so far I've been more accurate:

[webmasterworld.com...]
8:00 pm on Aug 2, 2002
...I can almost guarantee that the US financial markets are going to be much more tradable than "investable" for the next few years because we are headed sideways at best. Stock investors will be lucky to make 8% a year until at least 2005 IMHO. The Major US Indexes are short term oversold here but longer term we could easily hit new multi year lows.

5:48 am on Oct 10, 2002 (gmt 0)

WebmasterWorld Administrator skibum is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Where have all the gurus gone?

Stock strategists like Abby Joseph Cohen don't get much respect these days.
[money.cnn.com]

You'd think that they would just shut up after a while but it doesn't seem like its going to happen any time soon.

"You look at the Abby Joseph Cohen stuff and you wonder why Goldman doesn't just stop it already," said Larry Rice, a vice president at Janney Montgomery Scott. "Guys, it's been three years of bad predictions. You're being ridiculed."
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