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Technology Stocks : Stock Swap
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To: Trader X who wrote (10318)12/12/1997 3:49:00 PM
From: Investor2   of 17305
 
RE: "... if the Techs will reverse as the broader market is turning down. ... I think the Techs will lead the broad market down, and ...lead them up by late spring next year. ... I don't think the broad indices will experience a bear market like the Techs are now."

Thanks for your projection. My projection is a trading range over the next 5 to 10 months for the S&P 500 of 877 to 1050 or so. Various sectors will take their turns going through bear markets, as the Techs are now. Then, 10 or more months out, we will get into the next leg of the mega-bull market and will experience a total market return of about 20% for the following year.

Best wishes,

I2
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