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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (25107)	10/8/1998 7:30:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Big Bucks, "Bearulls"? A note on today's action from Street Life... THE NEW BEARULLS.... Or Bullars. Wondering what that is? It's a cross between a bull and a bear, something that doesn't quite know what it is. Or it's a bull that doesn't want to own up to the fact that it's morphing into a bear. These creatures are like werewolves, and they're just as dangerous. Among the specimens: Prudential's Ralph Acampora, once Mr. Dow 10,000, who cut his target range on the Dow from 7400 to 8250, down to 6500 to 7000. That would be a bona fide bear market. Then, there's once-upon-a-time top bull Abby Joseph Cohen, who today reduced her 1998 earnings growth forecast from 8% to 5%, and her 1999 forecast from 10% to 7%. Cohen still says the market is undervalued. But Wall Street valuation models are driven by two main things: earnings estimates and interest rates. If you think earnings growth is going to slow, it's pretty damn hard to justify being as bullish as you were. Growl!< fortune.com GM