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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (12524)	10/28/2002 4:24:54 PM
From: LTK007	Respond to of 30712

yup The FrontPage--the feature Barron's story THE BULL IS BACK!!! Suckers get in line now you got to get your ticket as the"Pro Hucksters" know, so get down on your knees and say "I Believe,I Believe!!" <<Ready to Roll The Big Money managers anticipate the bull's triumphant return By JACK WILLOUGHBY Despite the stock market's recent, ripsnorting rally, bullish investors have had good reason to hang their heads of late. The Dow Jones Industrial Average has fallen nearly 16% this year -- we won't even talk about the ailing, flailing Nasdaq -- and predictions of a strong second-half recovery have suffered death by a thousand corporate cuts. Yet, the professional money managers surveyed in Barron's latest Big Money poll remain bullish about the prospects for U.S. stocks. A full 43% of respondents in our fall 2002 poll, e-mailed to participants in early October, classified themselves as bullish or very bullish, notwithstanding the market's white-knuckle volatility or the billions of dollars of shareholder value that have evaporated in the past few months. The bulls point to a looming increase in corporate profits and a sudden abundance of bargains to explain their optimism. "Ever since June, company fundamentals and the market have been decoupling," says John Waterman, chief investment officer officer of Rittenhouse Financial Services in Radnor, Pa. "While analysts have overestimated the speed of the economic recovery, earnings are improving." Indeed, Waterman believes a pick-up in profits could lift the Dow to 9600, and the Standard & Poor's 500 index to 1000, by the middle of 2003.>> online.wsj.com a pay site. Would have posed all of it, but it's too long. The bulls are all excited.