anyone read barrons over the weekend??? anyone else feel its going to effect the market this morning???
I am long with position trades... anyone care to share a paraphrased version? Although, in the whole scheme of things, when I do my homework looking at daily, weekly, and monthly charts, I cannot think of one time that I have ever checked the archived news looking for a "reason" that a significant low or high was put in. So unless Peter Lynch is getting ready to dump Magellan and this time he is telling Barrons prior to doing it.... a la Oct 1987....!
Barron's was wrong for about 28 years. They were sarcastically making fun of anyone dumb enough to hold stock during the greatest bull market in history. Hey, p/e's were high. Ben Graham always said buy a dollar's worth of assets for .50, didn't he? I guess they're back at it. I'm not particularly bullish intermediate to long term, but I would never let Barron's, and Abelson in particular, influence me.