Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: puborectalis who wrote (66610)	10/17/1999 9:59:00 AM
From: kha vu	of 120523

Remain invested, markets will recover Chance of another rate hike 60-40 <<<<<<<<<< By Elaine Garzarelli, CBS MarketWatch Last Update: 4:44 PM ET Oct 15, 1999 Commentary Letters to the Editor NEW YORK (CBS.MW) -- As of this writing, the S&P 500 and Dow are down about 12 percent from their all-time highs. "We continue to look for a level of 12,500 for the DOW and 1,600 for the S&P 500 based on our valuation and bond models over the next 12 months." Elaine Garzarelli Greenspan's comments Thursday evening caused stock markets to panic Friday and continue their correction. In the past, his comments -- such as his "irrational exuberance" comment on Dec. 5, 1996 -- have caused markets to panic. Ultimately, markets recovered to new highs. We believe Greenspan is the most important person for the markets and what he says should be carefully listened to. We believe he is being very vigilant and doing his job in making sure the markets are not getting ahead of themselves. We agree with the Fed's tightening bias since a correction now, and Greenspan's careful monitoring, will help to curtail consumption spending. Part of his worry stems from the rise in the CIBCR (Columbia University leading inflation index) inflation reading, (our readers know the index rose substantially in September) which was released last Friday. We continue to look for a level of 12,500 for the DOW and 1,600 for the S&P 500 based on our valuation and bond models over the next 12 months. cbs.marketwatch.com >>>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next