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To: Duane L. Olson who wrote (17469)3/22/1999 11:28:00 AM
From: Moonray  Read Replies (2) | Respond to of 25814
 
Birinyi Sees Dow at 12,000 by End of Year, Barron's Reports
Bloomberg - 3/20 13:33 EST

New York, March 20 (Bloomberg) -- Laszlo Birinyi, president of
Birinyi Associates Inc., sees the Dow Jones Industrial Average
at 12,000 by the end this year,
resulting in a 25-percent gain
for 1999, Barron's reported. Birinyi tracks stocks by examining
their money flow, or whether investors are willing to pay
more than the market price for a stock that's rising, or
to sell a stock that's falling for less.
Birinyi says that
American Online Inc.,
American Express Co.,
Apple Computer Inc.,
Charles Schwab Corp.,
Ford Motor Co.,
International Business Machines Corp.,
J.P. Morgan & Co.,
LSI Logic Corp.,
Merrill Lynch & Co. and
Motorola Inc.
have the best money flow, while
Allstate Corp.,
Atlantic Richfield Co.,
Bestfoods,
Campbell Soup Co.,
Harris Corp.,
May Department Stores Co.,
National City Corp.,
New York Times Co.,
Occidental Petroleum Corp. and
Walgreen Co.
have the worst, Barron's reported.

The Dow Jones Industrial Average crossed the 10,000 benchmark three
times during the past four trading days, though it has yet to close
above it. (Barron's 3/22 40 www.barrons.com)

o~~~ O