RE: [CANSLIM] O.T. - Market predictions...

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] O.T. - Market predictions...
Date: Mon, 22 Jul 2002 17:48:15 -0400

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Bill,

The operative phrase, my man, is "set her targets...relatively high."

One person's relative is another person's nightmare!

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill Triffet
Sent: Monday, July 22, 2002 2:39 PM
To: canslim
Subject: [CANSLIM] O.T. - Market predictions...


Thought you all might get a kick out of this. I snipped it from a CNBC
April 19, 2002 article:

++++++++++++
Abby Joseph Cohen says Dow 11,300

During the premier of CNBC's 'Louis Rukeyser's Wall Street', Abby Joseph
Cohen called for a 10% rise in the Dow and 15% in the S&P 500. Also, a
huge earnings week ends with the major indexes all up. But where do we
go from here?

Goldman Sachs investment strategist Abby Joseph Cohen said late Friday
during the premier of the CNBC show "Louis Rukeyser's Wall Street" that
she expects the Dow Jones Industrials to rise 10% by the end of the
year, and the S&P 500 Index to jump 15%. She said she set her targets --
11,300 for the Dow and 1,300 for the S&P 500 -- relatively high because
she believes the basics of the economy are sound, inflation is modest
and the Federal Reserve "wants to encourage a long period of good
growth" and will not raise interest rates prematurely or dramatically.
+++++++++++++++

Looks like we need only 41% from here to reach it.(g)  I don't know why
they insist on making predictions...Made for a good chuckle.

- -Bill






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