MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (15710)	1/4/2003 1:44:01 PM
From: High-Tech East	Read Replies (2) of 19219

Posted on one of my office walls is a 'yellowed' full page ad I pulled out of Barron's dated August 27, 2001. In bold print, UBS/PaineWebber declares ... We believe the fair value of the S&P 500 at the end of 2002 should be 50% above the index's level today. That's what our Financial Advisors are talking about with their clients. Right now. ... wait a minute, let me get my calculator ... S&P 500 ... August 27,2001 - actual .... *1179.21* S&P 500 ... UBS PaineWebber forecast for December 31, 2002 ... *1768.81* S&P 500 ... December 31, 2002 - actual ... *879.82* ..... hmmmmmmmmmmm ... 1768.81 minus 879.82 ... divide by 1768.81 ... equals minus 50.3% ... ... they just missed it a little bit now, didn't they? ... ... I wonder what they are forecasting for the end of 2003 and 2004? ... <g> Ken Wilson

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