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To: Boplicity who wrote (58972)	1/2/2000 11:33:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

INVESTORS ‘FLUSH WITH CASH' “If markets open regularly, and everything is fine, I think stocks will continue to go up,” said William Cheney, chief economist for John Hancock Funds. That after a record-smashing 1999 that saw the Dow Jones industrial average jump 25 percent and the technology-driven Nasdaq composite index soar 85 percent. “There's a lot going for us,” said Alan Ackerman, market strategist at Fahnestock & Co. “Many investors and traders are willing to let their winners run.” Institutional investors who largely sat on the sidelines for the final trading days of 1999 were poised to re-enter, leading to optimistic projections. “We start a whole new year; people are flush with cash. That money is going to seek a home in the markets,” said Peter Cardillo, director of research at Westfalia Investments. Of course the markets still face the same fundamental questions many veteran investors asked at the end of last year — including whether superheated technology stocks were due for a fall after being driven to unheard-of valuations by Internet-related giddiness. “A lot of money has come into the market and run all of the indices up,” said Allen Sinai, chief global economist at Primark Decision Economics. “It is reasonable to expect a consolidation.”