Replies to post #32800 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Come on, Abelson did not stop being bearish since the crash of 1987 (Dow 1950), he expected that first salvo to be continued until the Dow comes back to levels set ten years before in the mid 70' (around 500/600 Dow or so). By 2000, they just raised that expectation a little (g). In early December of 1987, he was even more bearish than in October, expecting the October lows to be taken out before the end of 1987. He just kept being bearish for the next 13 years. I finally gave up on reading his humor some ten years ago (g).

Zeev

[Benj]

Mainehiker, I stopped reading Barron's before that and in hindsight I am glad I did not see that article as it might have had me second guessing my plan to liguidate. <G> Turned out to be a fine call on Faber's part. My guts told me to start selling in november '99 and continued thru feb 2000. Did not catch the whole ride but I have seen a slaughter house and did not want to end up there. Lost a finger here and a toe there though, Benj