Monday, February 13, 2006

Without a doubt............

There isn't a person in America probably more responsible for motivating the average investor to puke up his mutual funds and stocks by reading the weekly edition of Allen Abelsons writings and rant in Barron's. He has been dead wrong since he started work at the paper decades ago. The market long term has only gone one way. Care to guess which way? Bad news sells and he sure knows how to embelish bad news. Funny thing though, I can't recall ever meeting or knowing personally a pessimist who was successful. The parent, Dow Jones outfit should be sued by the SEC for his "work". Now there's a novel thought to protect investors.

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