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Pastimes : Ask Mohan about the Market
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To: John Hunt who wrote (16912)11/1/1998 11:09:00 AM
From: Crimson Ghost   of 18056
 
John: The weeks ahead will frustrate both bulls and bears. A signifcant correction looms this month after after the sharp October rebound. But with AG ready to ease again if a meltdown threatens I doubt if the Dow will drop much below 8000. We could then rally back near 9000 by year-end.

I expect the market to have a bullish bias until next spring. Watch the dollar and the bond market. AG cannot continue to ease if these head south in a big way.
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