It Must Be Right Then...

Bloomberg is all about quoting Abby Joseph Cohen today. Her wisdom for todays market (along with other 'strategists' Tobias Lefkovich of Citigroup and Ed Keon of Prudential) is to view the drop as temporary. Andrew Burkly of Brown Brothers Harriman piped in and said today should be 'viewed as a buying opportunity' (that was reported at 1:03EST, Dow at 10,248.)

Is anyone else thinking 'no kidding'? Not much of a call here in terms of this being temporary. As for the 'buying opportunity', sentiment data tells us otherwise.

For more background on these great 'strategists' of our day click on the following link:
http://www.whispernumber.com/wake_up3_scandal.jsp

I also found this link from 2002 which presents a great timeline and more specifics of these great 'strategists' that the media continues to promote:
http://www.makethemaccountable.com/LeadingLambs.htm