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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4276)	10/17/1998 3:31:00 PM
From: drakes353	Respond to of 18998

Christian: Looks like next stop is the 200 day moving averages on the Naz, S&P and Dow. I expect a little wobble up there and then some upside cranking. I'm bullish, extremely bullish on the market. FWIW I'm expecting the S&P to tack on 50%+ in the next 18 - 24 months. I also expect people to fight it tooth and nail all the way up. No matter, up it will go, go, go. I've never heard of this Smiley guy, what's his track record like? Has he beaten the S&P over the last few years? If you don't know that you shouldn't quote him. 99% of the talking heads missed the top, what makes you think they are going to be any better about catching the bottom? Take a look at what MoneyDaily reported on Thursday: "We found no one who believes that the Fed's second rate cut within a month will translate into a sustainable rally for stocks" None of Wall Street's seers were willing to say stocks would go higher in a sustainable fashion now that the Fed is in confirmed rate cut mode. That's go long on margin stuff. Don't get me wrong, there will always be great shorts, just think we'll be rowing into the current for the next couple of years. Good luck, drakes353