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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Benkea who wrote (17792)	6/18/1999 12:11:00 PM
From: bearshark	Read Replies (2) of 99985

I am puzzled. In the report, the analyst 1) is concerned about valuation, 2) raises his price target to 135 from 115; and 3) raises his earnings by 3 cents for the year. Hmmmm. Concern about valuation? Earnings estimate is increased by .6%? Raise price target by 17%? Now I realize that I am cooped up in my cave for much of the year but is this attributable to the new math?

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