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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (1923)11/1/1998 7:14:00 PM
From: Investor2  Read Replies (2) of 15132
 
I'd like to nominate Mr. Edward Yardeni, chief economist for Deutsche Bank, for the Honor Roll.

''This is a very dangerous market,'' Edward Yardeni, chief economist for Deutsche Bank, said. ''Too many things in the world have not been fixed and this flurry of buying in stocks could be a setup for creating a false sense of confidence that the worst is over.''

Yardeni is betting the Dow will tumble to 6,400 in the second quarter of next year. ''It is likely to go even lower by the end of 1999,'' he said.

biz.yahoo.com

Another interesting quote from the article: "Three years ago on Friday, the Dow closed at 4,747."

Best wishes,

I2

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