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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (29003)10/10/1999 1:45:00 PM
From: LTK007  Read Replies (1) | Respond to of 99985
 
This reuters article have annointed the longs as the brave that held on through the latest false bear scare,and that is now over and they all shall be rewarded with the return of the the bull--and the call is for 41,000 in 9 years---all fear has vanished now--complacency rules.
>>Will Roaring 2000s Jazz Up Dow To 41,000?


By Pierre Belec Oct 10 12:04am ET

NEW YORK (Reuters) - It's a story some Wall Streeters say should be titled: ``The stock
market picture in the rear-view mirror was tremendous but there are more great times ahead for
investors.'

The market was again dangerous this past week as stocks twisted and turned after last
month's selloff. To some people, it looked like the start of a nuclear-winter bear market as the
Dow Jones industrial average plummeted by a scary 1,000 points, or nearly 10 percent, from its
Aug. 25 high of 11,326.04.

But the brave ones held on tight, confident the bull market is still alive and that things were
still hunky-dory.

One expert forecast stocks will continue to make investors rich for another nine years, but
then watch out after that. >>