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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (8938)9/28/1999 4:38:00 PM
From: Justa Werkenstiff  Read Replies (4) of 15132
 
Wally: You are right. If the market rallies in this environment, it will just ignite the long bond to move lower thus placing a lid on the market.

"12:46 ET Dow Forecast : Prudential's Technical Analyst, Ralph Acampora is considering reducing his 1999 Dow forecast of around 12,000 though he is still bullish, he sees downside numbers of 8900-7200 on the DJIA."

What a straddle. He has both a bull and a bear market covered. He is useless but the circus might like his act.
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