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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (8268)	10/7/1998 5:43:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 42834

Dipy, I don't honestly know. If the market is full of kind of leverage LTCM has employed, sub 1000 on the DOW is a good possibility. Otherwise we may bottom around 6700 in the short-term and 4000 in the long term. IMO, I think we are at a stage everything that can go wrong will go wrong - for both bulls and bears! I doubt if we will see 10,000 in the next 20 years! By then, the DOW should have to replace at least 15 companies with growth prospects. There is no way the current 30 will take us to 10k under the current over-capacity situation and the liquidity crunch that is unfolding.