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Technology Stocks : Brightpoint - CELL
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To: Steve Antonelli who wrote (695)8/3/1998 5:47:00 PM
From: Brian Lempel  Read Replies (1) of 1999
 
Yeah. I was calling for 10,000 in the 2nd week of July.

Since then, corporate earnings have disappointed, the perception of Asia has worsened (along with Japanese, Russian, and possibly Mexican economic problems). Add to that a likely impeachment (although the campaign financing may end up being the straw that breaks his back), and the Dow, IMHO, is now heading below 8000.

Meanwhile, it is anyone's guess how the rest will perform. It is hard to imagine the Russell 2000 falling too much further. Small and Mid-Cap stocks are just so damn cheap!

Brian
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