One of the key qualities of being a prophet, whether of religious nature or the other religion...the stock market...is that when one is right, one is heralded worldwide...and when one is wrong...one is stoned...
The History of Abby Joseph Cohen is one of a perpetual bull, who occasionally was right, but just missed the downturns....Lest you laugh, that quality is of most investors who buy, but then have a hard time selling, and even worse, cannot short or get out of positons...
Anyway---last week, Abby Joseph Cohen announced that "The bull has begun." She has announced this so often in the past that it has become laughable...the problem is...she may be right this time....Intense emotion and conflict of opinion are present at bottoms of markets...and yes despair. We seem to have all those. This time, right when everyone is disregarding the prophetic advice of Abby Joseph Cohen...she might be right. Stay tuned.
Click on the post for the wikipedia background for Abby Joseph Cohen.
Saturday, August 08, 2009
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