Abelson was right about the housing crash, but a year and a half or so too early. He had me shorting HOV from !36 to 71 on the way up. Someone on HOV's message board was warning me, so I didn't go ape on the trade, fortunately. But HOV did fall all the way to $1.70 and it ain't far from it now. Too bad I wasn't reading Barron's in the 70's; I might have been ready for it.
Abelson remained a bear throughout the greatest bull market in history. In fact, the late Louis Rukeyser of Wall Street Week once quipped that Abelson "hasn't been right in a generation". I incorrectly went into cash for a year in the early 1990's buying into his constant crap comparisons to the great depression. If your OK missing a 25 year bull market then Abelson's your guy.
Oh, he's flying high now. Been right for a year. When the market finally turns he will remain doom and gloom. Like I said, a broken clock.