A crash for the markets - a crash for biotechs ? Message Board

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Biotech / Medical : A crash for the markets - a crash for biotechs ?

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To: full name who wrote (69)	5/11/1997 2:23:00 PM
From: Alan Whirlwind	of 74

Lots of gurus are calling for a market scourging soon. Casey and Dines, for example. Both believe the market will decline this summer and substantially. Howevever where Casey sees a huge and devestating bear market, Dines likes the stock market after a lesser, though painful correction. A few weeks ago (late March) he predicted continued downturn for a week or two (happened) then a rally to over 7300 by the end of May. This is happening folks. He sees a big, sorry correction late May or early June and given his record of prediction so far this year it bears watching. After the correction, Dines is bullish on stocks for some time to come. Casey's best case scenario is a 35% drop and worst case a 70% drop. 401K's are at risk to say the least.

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