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S&P 500
5,745.37
(
0.40%
)
US TECH 100
19,584.00
(
0.78%
)
Dow Jones
42,175.11
(
0.62%
)
Brent Oil
70.95
(
-3.06%
)
Bitcoin
65,183.07
(
3.25%
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Post# of 137481
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Profe$$or

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Profe$$or

Re: None

Sunday, 11/04/2007 12:39:09 PM

Sunday, November 04, 2007 12:39:09 PM

Post# of 137481
Two different market viewpoints. Here is the first:

Barrons cover: The party is not over; Some say DOW will top 16,000 by mid-2008

- Barrons publishing the results of their "Big Money" poll, a survey of professional investors: 55% of respondents think the stock market is fairly valued, while another 22% consider stocks overvalued. 47% of respondents say they are bullish or very bullish about stocks through the middle of 2008 (nearly identical to last spring's level of bullish sentiment in the survey, but well below the 64% of respondents who were bullish a year ago)
- Survey shows that bullish investors, on average, expect the DOW to end the year at 14,318. 8% of respondents expect the DOW to move above 16,000 by the middle of next year.
- Some fund managers are bullish about 1H08: "After a period of negative economic news, the data has turned more mixed. The consumer seems to be holding up well, though housing and autos are negative. The mid-cycle slowdown of the past three years continues, with no recession in sight and core inflation controlled." (Horacio Valeiras at Nicholas-Applegate Management)
- What would spark a rally? More than 40% of respondents say better-than-expected earnings would be the single most likely catalyst for a rally.
- 13% of respondents think evidence of a stronger economy would push the bull to new highs in the next 12 months.
- Survey shows that an overwhelming majority of respondents expect tech stocks to lead the market in the next 6-to-12 months.

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