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To: sammy levy who wrote (12066)12/21/1997 5:24:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 18056
 
Sammy, what gives is the break in momentum. There was no way to tell how far the madness could go. To Yardeni's credit, his warning signal is coming pretty close to the top, and he is not too stubborn or proud to say, my former forecast was a prognostication and threat my current forecast in the same manner.

By the way, my current forecast is 6200, but if downward momentum develops, I will not be shy in lowering my target as we go. After all, in one of my first posts on this thread I declared quite clearly that I reserve the right to be wrong, and I also reserve the right to change my opinion and change it often.

Zeev



To: sammy levy who wrote (12066)12/21/1997 5:25:00 PM
From: Tommaso  Respond to of 18056
 
I had the impression that Yardeni was a superbull some time back, too, but don't see anything in the archives for the last year on his website that says this. Maybe the archives have been fixed up.I really don't know.



To: sammy levy who wrote (12066)12/21/1997 5:39:00 PM
From: Tommaso  Read Replies (1) | Respond to of 18056
 
OK--I found another archive on the Yardeni site and here we have him in early 1997 saying he can see 10,000 on the Dow by 2000 and even higher later (15,000 by 2005 or something).

I think talk like that helped get the Dow past 8,000.

Yardeni seems good on interest rates--as best I can tell. But we'll see. Maybe I think that way out of wishful thinking (i.e. 30-year treasuries at 5% in the next year).

yardeni.com