DOW at 10,000 looking back--
<<All resistances were broken by bell close .... would it fly up from here to 10,000? >> Steve
From: +james d brady Monday, Oct 12 1998 11:31AM ET
Reply # of 8805
MMV, it's so good, why don't we all reread it and then read your quote on your profile. "1) Never get emotional about stocks. 2) DOW at 8000 is the steal of the century. -Iqbal Latif My addition, "if you are a short!"
I guess on Thursday in the heat of the market collapsing you forgot #1.
jim
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To: Dipy (8268 )
From: MMV
Wednesday, Oct 7 1998 5:43PM ET
Reply # of 8345
Dipy, I don't honestly know. If the market is full of kind of leverage LTCM has
employed, sub 1000 on the DOW is a good possibility. Otherwise we may
bottom around 6700 in the short-term and 4000 in the long term. IMO, I think
we are at a stage everything that can go wrong will go wrong - for both bulls
and bears! I doubt if we will see 10,000 in the next 20 years! By then, the
DOW should have to replace at least 15 companies with growth prospects.
There is no way the current 30 will take us to 10k under the current
over-capacity situation and the liquidity crunch that is unfolding.
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