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To: accountclosed who wrote (229)	6/29/1999 5:24:00 PM
From: MythMan	Read Replies (2) of 357

this thread looks lonely.... >>Abby has reappeared to reassure investors that all is well. "Our expectation is that corporate profits will grow for the remainder of 1999 and 2000. It would be very unusual for that to happen without stock prices moving higher", Abby said today. In fact, she was sooooo bullish she reiterated her year-end S&P target of 1325 and raised her 12 month target to 1385. We'll do the math for you. Her forecast is .68% appreciation to year-end and a 5.2% 12 month increase. Pardon us, but it appears one would be much better off in T-bills under this scenario. Isn't the job of an equity/investment strategist to assess potential risk and reward? If Abby really believes what she says, she should be advocating a massive reduction in equity exposure for the next twelve months with her modest 5% upside target. Oh well, we're just stuck in "old era" thinking. Don't mind us. << contraryinvestor.com

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