Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: stock_bull69 who wrote (9470)	6/9/1999 1:16:00 PM
From: Jenne	Respond to of 19700

Autumn forecast: Dow 14,000 By Jeff Clabaugh, CBS MarketWatch Last Update: 12:05 PM ET Jun 9, 1999 Also: NewsWatch The Wall Streeters who like to tell us where the Dow is heading in the months ahead have been awfully quiet lately. Found one, though. At the StockHouse Web site, the editors interview market forecaster Jerry Favors, who says the months ahead look good, but, come this fall, look out. Favors' prediction is for the Dow to top out at 12,000 to 14,000 by September or October. That's a nice run-up! We'd all be happy with a 28 percent gain in the next four or five months. But after that, Favors says, things could sour. He's predicting a steady climb for stocks between now and autumn, but with fits and starts. There are no major, 10 percent corrections in his forecast, but a series of new highs and noticeable pullbacks. In fact, Favors predicts "corrections" will become the prominent feature of the market this summer. That means lots of buying opportunities for the next several months, but he's terribly gloomy about the markets after that. Favors thinks that when the markets top out -- and that could be late this year or early next -- the bear will wake from his very long nap. Based on Favors' view of history, that could mean a six-year rut in which the markets languish. His advice? Enjoy the gains the next few months have to offer. And, when the market tops, be ready to move out of stocks altogether. He says he plans to be out of stocks 100 percent when "last call" comes late this year or early next. Read the full story.