from today's WSJ--
Donaldson Lufkin & Jenrette chief equity strategist Thomas M. Galvin is bullish on the Boss.
Take this comment from his weekly stock report as the market took a dive recently: "Just because we occassionally feel trapped, fall into the badlands and experience a 10th Avenue freezeout, the key is to keep doing the E Street shuffle and prove it all night." Or this observation in May: "The hungry heart of value investing is now born to run."
Clients who plow through Mr. Galvin's otherwise statistic-laden reports learned that he is such a rabid Bruce Springsteen fan that he was overcome with emotion upon meeting his hero in a hotel lobby in Munich, Germany. And that got him thinking: The start of Mr. Springsteen's World Tour had coincided with a rally in US chemical, steel and aluminum companies. "Just as these industrial stocks have lived in the badlands and back streets of investor portfolios over the past few years, suddenly darkness on the edge of town gives way to the thunder road," he reported.
Mr. Galvin, 38, earlier noted that the only episode of "Seinfeld" to mention stock investing coincided with the market bottom of 1990. He also compared inflation of Rolling Stones ticket prices since 1966 to the Dow Jones Industrial Average and concluded the stock market was undervalued.
Why all the pop culture references? "As much as I love the stock business, let's face it--it's really pretty boring," he says.