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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: Les H who wrote (19175)	7/2/1999 11:32:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

Les, a Dow target of 11,600? the guy must be joking. doesn't he know how undervalued the big cap stocks are? apparently he missed the WJS column where two academics explained that the Dow should be at 36,000 to correctly reflect fair value. an 11,600 target makes him almost a bear.<g> regards, hb

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