jeffrey bash remember my prediction of a 11000 dow by march in oct.
seems someone else agrees.
< Jeffrey bash, Iam going to make a prediction ,the fed's will lower short term rates and
reinflate the US economy, Japan will take some of that enormous wealth and stimulate
their economy,no more recession, shorts cover big time,money on the sidelines flows
back in the market and boom 11000 by march,why you ask would that happen?
because it can. jmho patroller >
NEW YORK -- Investors should be prepared for some serious volatility
next year, and stock selection will play a bigger role, but 1999 offers more
upside potential than downside risk, according to influential analyst Ralph
Acampora of Prudential Securities Inc.
The well-known market observer held his annual stock market outlook
Friday, and said October's bloodbath set the stage for the renewal of the
secular bull market that started in late 1994. Mr. Acampora reiterated his
forecast from earlier this month that the Dow Jones Industrial Average
could climb as high as high 11500 next year, but a worst-case scenario
would put the average closer to 7800.
Investors should prepare for more gyrations, he said. "Sudden and very
nasty declines should mark the coming year," Mr. Acampora said. "As
there are no quick fixes to all of our global problems, international
aftershocks will most likely occur frequently. And investors should not
forget all of the uncertainty surrounding the [year 2000] problem."
Mr. Acampora noted that although the Dow industrials set a new highs in
November, 71% of all stock sectors tracked by Standard & Poor's
indexes failed to do the same.
But pointed to bullish technical factors, as well. For instance, he said that
once the Dow's rally started to ease in early December, a shift in the
relative performance between the Dow, the S&P MidCap and the S&P
SmallCap occurred. "The relative strength lines in both the S&P MidCap
and SmallCap are showing signs of improvement," he said. "I need to
witness more of this behavior before I can label the new shift in secondary
performance as sustainable, but a glimmer is apparent."
Mr. Acampora also reiterated his belief that long-term interest rates are
eventually headed below 4.5%.
lucky guess.<ggg> patroller |
