Instock, 10.01.00 Year 2000 US Market Outlook - More of the Same? Don’t count on it… (Instock, New York)
By K.C. Grainger
New York City - Jan 10 - If I had to pick two people who have forecast the US stock market with the greatest accuracy over the last several years, it would be Bob Morrow, based in Bradenton, Florida - an advisor to some of the largest institutions in the world - and Abby Joseph Cohen of Goldman Sachs.
Abby’s forecasts are carried by the press almost on a weekly basis, but Bob’s forecasts are not, due to his clients’ requests that he limits appearances in the US media. It is their attitude that "If I’m paying you for your advice Bob, I don’t want to read about it in the newspapers or see you on television." Even so, from time to time one can see Bob’s forecasts in the media. Recently a writer for the Associated Press described his forecasting record as "amazing." Since 1980, it has indeed been nothing short of amazing.
Bob’s forecasting styles are somewhat different from most other analysts. He projects the market’s upside potential, and gives a cyclical time-period for the highs and lows. He also picks the stocks that his mathematical based research shows will be the best performers. And for the year 2000, Bob ? As of January 1, 2000, he expects the S&P 500 to have a harsh correction to occur in the first quarter - very soon. He also expects the correction to be in excess of 13% for the S&P 500 and the Dow Jones Industrials. That would translate to a Dow Jones target of around 10200. And the high flying NASDAQ ? That could correct down by 40%.
According to Bob, last July’s correction of around 13% will be the first of three harsh corrections before the end of the bull market, which he expects to end in November, 2001. His mathematical projections (he holds 37 international patents in technology) call for the second correction to be larger on a percentage basis than the first, and thus will exceed 13%.
As a final thought, remember that the projections from the brokerage houses usually have a positive bias - their business depends upon it. Brokerage houses cannot make the same amount of money if they are bearish. On the other hand, independent advisors can give a more unbiased opinion. In the future, Bob Morrow will be doing some long-term charting on the DAX which you will see here… only at Instock, New York.
Good trades. Stockbroker.
Dow Jones KZ 10.200 Punkte.
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