Reply #5: And AJC predicted the market was headed higher in 2000...

[slipslidingaway]

http://makethemaccountable.com/podvin/street/020224_LeadingLambs.htm

"...On January 7, 2000, the stock market analyst who is most often quoted by the corporate media appeared on the PBS program Wall Street Week. Abby Joseph Cohen of Goldman Sachs proclaimed that the market was headed much higher, and that investors should be enthusiastic buyers.

One week later, the Dow Jones Industrial Average made its all time high. It has since declined over fifteen percent. Cohen has urged the public to buy stocks all the way down.

On March 22, 2000, she sent out an advisory stating that the NASDAQ Composite was “undervalued” and recommended that investors aggressively purchase high technology stocks.

As of February 22, 2002, the NASDAQ Composite is sixty six percent lower. The XLK index of high tech stocks is down sixty eight percent. Cohen is still bullish.

The individual stocks that Cohen recommended have done even worse than the market as a whole. Her favorite energy stock in 2001 was Enron. She encouraged the public to add to their losing positions as the stock and the market went lower.

Her record is actually better than that of other high profile Wall Street brokerage analysts..."