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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (22735)	7/30/1998 1:32:00 PM
From: John Mansfield	Read Replies (1) of 94695

'Ed Yardeni: Y2K's A Bear (Market, That Is) (07/30/98; 10:44 a.m. ET) By John Borland, TechWeb Ed Yardeni is no wild-eyed millennium junkie. As chief economist for New York investment house Deutsche Bank Securities, he's been called one of the best market-watchers in the United States by The Wall Street Journal and other publications. His bullish predictions for 1997 stock trends were among the most accurate of any mainstream economist on Wall Street. His forecasts for the year 2000, and the months leading up to the decade's rollover, are not quite so bullish. A global recession is increasingly likely, he says, accompanied by a U.S. stock crash of up to 30 percent of the market's value. techweb.com

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