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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (85358)3/26/2001 9:57:45 AM
From: AllansAlias  Read Replies (3) of 436258
 
Lehman's Applegate lowers S&P target by 12.5%:

dailynews.yahoo.com

``Although the stock market is down roughly 15 percent so far this year, having a second consecutive down year doesn't seem a sensible forecast to us,'' he said in a note to clients. ``It has only happened three times in the last hundred years, all periods when things were much more seriously awry than they are today. But with the recent market decline, we are reducing our year-end S&P 500 price target to 1400, roughly 20 percent higher than now,'' Applegate said.
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