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To: D. Swiss who wrote (86214)	12/20/1998 12:49:00 PM
From: Mohan Marette	Respond to of 176387

Have investors gone mad? or are we heading for DOW 10,000? Oh hey Drew: Interesting and promising outlook for 1999,check it out if you have the time. =============================== (Source:The Economic Times) A case for Dow 10,000 Jeffrey M. Laderman -------------------------------------------------------------------------------- New York HAVE investors gone mad? Is there anything to justify a 1700-point rise in the Dow Jones Industrial Average in just seven weeks? Has the economy improved that dramatically? No, it has not. The real story is that all along the economy was a lot stronger than the pundits were telling investors. Reports of the collapse of corporate profits were exaggerated. Asia and Latin America did not quite melt down. Add in a dramatIc series of interest-rate cuts-in the US and other major industrial countries-and a recharged mergers-and-acquisitions boom, and you get a market driving toward Dow 10,000....... economictimes.com