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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (9318)10/24/2001 8:15:55 AM
From: stockman_scott  Read Replies (1) | Respond to of 57684
 
"If the focus on the market were to continue to go up even with bad news, that would indicate to me we're going to recover," said Phil Dow, stock market strategist at Dain Rauscher Wessels.

For now, it's probably too early to call a bull market, but the stage is almost set for one, according to First Albany's Johnson. Aggressive interest-rate cuts by the Federal Reserve - nine this year, setting a target for short-term rates not seen since the Kennedy administration - have helped put enough money in people's pockets to spark purchases of stocks and goods, fueling markets and the economy at the same time.

money.cnn.com



To: Mark Fowler who wrote (9318)10/24/2001 8:35:26 AM
From: Tradegod  Read Replies (2) | Respond to of 57684
 
If memory serves, that was in 1996 when the dow was around 5700.


When Alan Greenspan coined the phrase ''irrational exuberance,'' he was cautiously telling America that investors had begun to create a stock-market bubble. He was right.


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