4 bearish opinions on wallstreetcity.com and only 1 bullish..uhhhoooo
FROM THE BULLS:
"I think in the long term, long-term investors are going to win out buying the stock market here," says ARTHUR HOGAN of JEFFERIES. (CNBC "Market Wrap", 5/17)
FROM THE BEARS:
"I think the days are numbered for the bull market," says ED YARDENI of DEUTSCHE BANK SECURITIES. "I think sometime between now and year end, a combination of Y2K, interest rates where they are today, maybe a little bit higher in the next few weeks, and deflationary pressures may very well force investors to rethink their earnings expectations, bringing them down. And that, I think, could bring the market down 30 percent." (CNN
"Moneyline", 5/17)
"I think bit by bit, sector by sector, the market probably is beginning to move into a late spring correction and I still think it might take the averages like the Dow and the S&P down 10 or maybe 15 percent from their highs," says RICHARD McCABE at MERRILL LYNCH. He does think the market "will be in good shape" in the second half after getting through "a moderate further correction." (CNBC "Market Wrap", 5/17)
"These are fairly dangerous times," says ERIC BARDEN of FIRST AUSTIN CAPITAL MANAGEMENT."[Higher interest rates] will cause a derailment from the bull market we have enjoyed since 1990." ("USA Today", 5/17)
JOHN ROQUE of ARNHOLD AND S. BLEICHROEDER is looking for a correction that "is probably going to be short-lived, but enough to pay attention to." (CNBC "Street Signs", 5/17)
FORECASTS AND PREDICTIONS:
"There's probably not a telecom deal that one would think is unthinkable right now," says KIM WALLACE of LEHMAN BROTHERS. (PBS "Nightly Business Report", 5/
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