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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (16915)	11/1/1998 11:13:00 AM
From: Zeev Hed	Read Replies (1) of 18056

George, I do not think we will see 10,000 this year, actually, I believe we are pretty close to the top of the current trading range here, I just do not see a major decline until after the first of the year either. Even then, we may first burst up to a marginal new high on the DOW before we turn back down, but I do not have clear visibility at this point. One of the things I am looking at is the semi business which might have seen its bottom, this is balanced with some problems which IMHO are still unresolved in Asia and South America. The picture is quite murky and leads to a lot of volatility. Add to that the ratcheting down of the dollar vs the yen (which I still think is temporary, until our trade deficit declines back to the low teens) and the poor turnips are looking quite lost (with bias up due to the very bullish monetary indicators). Zeev

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