Pancho some more easy reading from the east.
biz.yahoo.com
economist.com
biz.yahoo.com
biz.yahoo.com
4/1/98 Big Bang should be interesting. Will the Japanese investors pour hundreds of billions in the US stock market, will Japan let them?
Will the Japanese pour in hundreds of billions, drive market to 13,000 and get burnt a second time in 7 years? Will the sucking sound of money leaving Japan be the straw that breaks the camels back draging the world economy with it?
It's amazing that analyst say that the Dow will reach 10,000. They base this on nothing else than the fact that it sounds good. No fundementals just sounds good. In January Abby Joseph Cohen calls for Dow 8,700 at year end. Earnings for S&P for 1st Q worst in 6 years market hits 8,700 Abby raises forecast to 9,300. Never says markets are overvalued, never says lighten up on stocks she just raises her forecast. When the s**t hits the fan Abby will tell everyone why the market crashed extended PE's, 5x BV, inflation,Asia, blah, blah, blah. |
