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Strategies & Market Trends : The Stock Market Bubble

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To: Les H who wrote (1032)8/6/1998 12:17:00 AM
From: Moominoid  Read Replies (3) of 3339
 
CNN survey results:

3. Based on Tuesday's close, where do you think the Dow will end up by December? total responses to this question: 5940

4. 9,000 to 10,000 --> 44.93%
3. 8,000 to 9,000 --> 33.15%
2. 7,000 to 8,000 --> 12.85%
1. 6,000 to 7,000 --> 5.13%
5. More than 10,000 --> 3.94%

I chose 7000 to 8000. On a purely statistical basis ignoring the real world 8000-9000 would seem the most probable - best forecast for a random walk is today's value - even adding say 10% for the year which is par for the course we'd still not be up that much.
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