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Old 07-04-2002, 07:20 PM
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Default DOW may stay below 9000 next week...



That's my predictions. You may see a short term rally, if there are no terrorist events, but I still see problems in the telecom and technology sectors. I believe we have not heard the end of accounting scandals, and the public is generally dissatified with the recent events in the market. So, it's really just a traders market, and some financial analysts, like Jeremy Grantham of Grantham, Mayo, & Van Otterloo say the S&P is worth 750. You can read an article at multixinvestor.com by Tom Philpott called "Bears prowl at the Morningstar Conference."


If you do decide to "invest" in equities I recommend looking at stocks that are undervalued and do not have exposure to telecom and technology. If anyone has done some research on undervalued stocks, please post them so I can check them out.


Good Luck


Mark


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