Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (2183)	8/6/1998 10:01:00 AM
From: Shivram Hala	Read Replies (2) \| Respond to of 12475

> Here is Abby's antidote to Acampora's noxious fumes: > recommended asset allocation. For year-end 1998, she expects the > S&P 500 to easily surpass 1150 and the Dow Industrials to easily > top 9300. Her 12-month price target for S&P 500 is 1250. I think what she previously said was that the Dow would hit 9300 BY YEAR END. That's 5 months away and the dow was already past 9300. That means either the dow stays at 9300 for the next 5 months so abby is right or the dow rockets for 5 months and when you finally realize greenspeak (irrational exuberance) then "they'll all fall down". A correction was due but not the 20% the waffleman predicted. Personally I don't like the markets at these levels. PEs are too high. Projected growth rates are too high given the backdrop of the asian crisis. We'll have to watch consumer spending to know whether the bubble bursts or not. Japan is also a major concern and I expect china to devalue a little by little towards the year end or early next year unless japan fixes it's banking crisis. As for me I'll take the seats near the exits and play the market as I see it.

To: JPR who wrote (2183)	8/6/1998 10:55:00 AM
From: Mohan Marette	Respond to of 12475

JPR:Thanks for that report from S&P about Abby's antidote. Did you watch Nightline last night Ralph Acampora was on it so was Mary Farell i think,I just caught the tail end of it so I don't know what went on but Mary was the bull and Acampora was trying to justify his 'stupid' comments.I think he did say that what he was referring to was not a bear market but a mere correction and that only short term trades should be worried and long term investors should hold on their stocks assuming they are holding quality stocks and this volatility would soon come to an end or something like that, but like I said I only caught the last few minutes. I tried to get a transcript from ABC web site but it is not posted yet.