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Non-Tech : Invest / LTD
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To: 007 who wrote (5788)12/4/1998 8:46:00 PM
From: NucTrader  Read Replies (2) of 14427
 
Steve Leuthold was on Moneyline tonight, and I think he's finally caught the drift - that it's Las Vegas on Wall Street. Says he thinks DOW will hit 10,000 in the lst quarter of '99. When ? as to why, he says people are basically disconnected from reality, and yes he's worried about this, those, and that but that John Q. Public keeps feeding the boiler with those dollars! He also said when reality sets in, he thinks the DOW will hit 5,000. Now why on earth hypothesize something like that? You don't have to have valuations when you shoot craps in Vegas! All you got to do is keep the $$ coming. And as long as everyone else at the table does the same, there's a game. I'm inclined to think the market will go down when investment $$ run out. Anyone have any idea when that will be? (I think Moneyline also said there was $14B inflow into equities for the month of Nov.)
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