ABBY COHEN'S WINNING WAYS
Whether intended or not, ''The prophet of Wall Street'' (Cover Story, June 1) served two purposes. The first, of course, was to note the success and methods of Abby Joseph Cohen, who has so accurately and eloquently forecast this bull market.
The other was to shed some much-needed light on the error-laden predictions of Michael Metz, Byron Wien, and Elaine Garzarelli. Their guesses, if followed, would have cost investors money. All they offer in response is a ''this-market-is-wrong'' type of defense. What is amazing is their ability to remain employed. Thank you for not having the same type of amnesia as other business media in failing to hold ''market wizards'' accountable.
Michael W. Riley
Updated June 11, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.