To: RocketMan who wrote (737 ) 1/1/1999 3:35:00 PM From: stock_bull69 Respond to of 41369
Taken from Investools: 3. How to Profit from a Fifth Straight 20%+ Year (AOL) Wednesday, December 30, 1998 Will 1999 bring a fifth straight year of 20%+ stock market gains? "Possible, nay probable," says growth stock investor Stephen Quickel. He maintains his "Dow 10,000 in 2,000" prediction, citing diminishing fears of global deflation and US recession and continued robust growth in technology, consumer, drugs and other hot sectors. Quickel pooh-poohs bears who say markets are headed for a fall. "Last week I ran across an old newspaper clip marveling at the Dow's 33% gain in 1995," Quickel says. "Then it rose 24% and 25% in 1996 and 1997. Surely it could not happen again in 1998, warned bears guided more by in- bred skepticism than what's actually happening in the business world. Today the Dow is out of the running, sporting only a 12% YTD gain after brushing close to 20% in late November. But the S&P 500 is up 22% and the Nasdaq Composite is up 30% YTD. Ho-hum, another 20% year." December 1998 could be "a forerunner of the 1999 market," Quickel says, "with continued gains in the earnings-driven techs." Some of his top tech picks are America Online (AOL), Ascend Communications (ASND), Cisco Systems (CSCO), Dell Computer (DELL), Lexmark (LXK), Oracle (ORCL), THQ Inc. (THQI) and Xerox (XRX). For more on Stephen Quickel's recommendation see "The USIR Recommended List," December 24, 1998, US Investment Report. Stephen Quickel identifies growth stock opportunities and uses rigorous stop loss techniques to capitalize on momentum while minimizing risk.investools.com For a 30-day free trial go to:investools.com