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To: Les H who wrote (9078)11/9/2003 6:55:01 PM
From: playavermont  Read Replies (1) | Respond to of 29603
 
Quote from article:

<<He predicts that the stock market will have enormous volatility over the next 12 months and forecasts the Dow Jones Industrials and the S&P 500 to have an upside bias until the fourth quarter, when he projects a very painful decline for the market to commence. He believes that we have already seen the stock market downside (S&P 500 at 773) unless something untoward happens to the economy or a terribly negative world political event occurs. But as always, he warns investors to "watch out if you are in the wrong stocks, they will absolutely kill you.">>

Question: When he says ... "S&P 500 to have an upside bias until the fourth quarter, when he projects a very painful decline for the market to commence."

Does he mean THIS 4th quarter (right now) or next years 4th quarter???

I assume he is talking about NEXT year...

The way it is written is hard to determine...