C-Cube Message Board - Msg: 5627755

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Technology Stocks : C-Cube

CUBE 36.82

-0.5%

3:59 PM EST

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To: Rarebird who wrote (35592)	8/30/1998 9:13:00 PM
From: John Rieman	of 50808

Dow 7000 is reasonable. If earnings decline next year, not increase, you can set much lower targets. The Dow is now into its 1997 peaks. That should be support. The market should rally for a few days, if it has the same quality of the summer rallies so far, the Dow goes lower. Lower highs and lower lows. High end, fair value on the S&P is about $960/Dow ~$7500. With interest rates this low, its reasonable. But no up-side from there. Markets tend to over, or under-shoot fair value. Until the indexes return to double digit earnings growth, it's a stock pickers market.

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