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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (211695)	12/28/2002 7:11:26 PM
From: ild	Read Replies (2) \| Respond to of 436258

Missed By a Mile (from Barrons) At the start of 2002, nine of ten Wall Street strategists incorrectly expected the market to rise this year. Only one, Douglas Cliggott, then of J.P. Morgan Securities, correctly forecasted a sharp decline and remains bearish today S&P 500 Strategist Firm 2002 Target Edward Kerschner UBS Warburg 1570 Thomas Galvin Credit Suisse First Boston* 1375 Abby Joseph Cohen Goldman Sachs 1363 Jeffrey Applegate Lehman Brothers* 1350 Tobias Levkovich Salomon Smith Barney 1350 Edward Yardeni Deutsche Bank* 1300 Steve Galbraith Morgan Stanley 1225 Richard Bernstein Merrill Lynch 1200 Thomas McManus Banc of America Securities 1200 Douglas Cliggott J.P. Morgan** 950 S&P 500 875 Now at Prudential Financial Now at B&P Research Office **No longer at the firm As of 12/27 close