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Greenspan, Schmeenspan; Abby Cohen's Words Move Markets More
SAN FRANCISCO -- The King is dead. Long live the Queen.
Think about it. How many times has Alan Greenspan tried to quell the stock market, either through word or action, and failed (miserably in some cases)? Conversely, Abby Joseph Cohen gives a little tweak to her recommended portfolio and stocks take a powder. Give that lady a scepter.
Of course, it wasn't as if stocks crumbled Tuesday ; the Dow fell nearly 90 and the Nasdaq Comp lost almost 125 in another session of relatively modest volume. A session hardly worth having a royal snit-fit about. ...
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