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To: Frank Ellis Morris who wrote (17768)2/23/1998 7:29:00 PM
From: billwot  Read Replies (1) | Respond to of 27012
 
Frank-here is an article that says today's Naz new high is just the beginning...predicting 2000 by Q3!!

" "Closing at a new high means a break out of the consolidation pattern and confirms my belief the Nasdaq is going to 2,000 by the third quarter," said Tony Dwyer, chief market strategist at Ladenburg Thalmann. "Technical momentum and positive fundamentals have been driving the market for the last four years and remain in place despite fears they would not."
Dwyer, who said the Nasdaq's record is "tremendously" important from a technical perspective, cited the familiar refrain of low inflation and rates, and strong corporate earnings as the three major drivers of the market's growth. Demographics and the ongoing enthusiasm of retail investors preparing for retirement rounded out the factors cited by the strategist for his continued bullish outlook."

Complete article at:

msnbc.com

billwot