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Technology Stocks : Full Disclosure Trading
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To: Return to Sender who wrote (5371)5/6/2003 11:55:33 AM
From: Sam Citron  Read Replies (1) of 13403
 
OT 11:09AM MS's Biggs sees stocks rising further, longer by Tomi Kilgore
Barton Biggs, global strategist at Morgan Stanley, believes the current equity market rally will carry further and last longer than most believe. "After a long decline, the news doesn't have to be great or even good for prices to rise; it just has to be less bad than what has already been discounted," Biggs said in a note to clients. "My hunch is that it is not too late to play because we may have only traversed half the terrain." The S&P 500 Index ($SPX) is tacking on 5 points to 931, and has now rallied 11 percent since the end of February to take the index 5.8 percent above where it closed out 2002.

bigcharts.marketwatch.com
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