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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Softechie who wrote (83559)6/22/2002 8:34:18 PM
From: Softechie  Read Replies (1) of 99280
 
In an interview last week, he declined to name exact targets for the Dow , S&P 500 and Nasdaq Composite , which are currently perched around 9600, 1030 and 1550, respectively. But he figures they will decline from their highs at a rate commensurate with each of the worst bear markets in history, including ones in mid-18th century England, the early 1930s in the U.S. and the 1990s in Japan, which bottomed at -60% to -90%. That would chop the Dow into a range of 1200 to 4800; the S&P to between 155 and 620; and the Nasdaq more toward 500 than 2000.
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