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Pastimes : Favorite Quotes
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To: Elmer Flugum who wrote (1)6/12/1999 3:59:00 PM
From: clochard   of 13018
 
SIR JOHN TELLS IT LIKE IT IS: Sir John Templeton, who is a long-time stock market guru and respected former fund manager, said on Thursday, May 26, 1999 that the U.S. stock market reminded him of Wall Street in 1929 and the 1989 Japanese market. He expects the Dow Jones Industrial Average to drop 40% in the relatively near term, losing 4,500 points. Surprisingly (or maybe not so surprisingly), few of the media picked up these comments. Kudos to Bridge News for reporting this important story.
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