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| Author: | Woolley, S. |
| Title: | End of the bull session? |
| Journal: | Business Week
1996 : DEC 30, VOL. 3492:822, p. 50-52 |
| Index terms: | FORECASTING STOCKS EARNINGS |
| Language: | eng |
| Abstract: | Market mavens are nursing a bad case of whiplash. Most of the 42 strategists surveyed by BUSINESS WEEK a year ago saw their yearned forecasts surpassed within the first few months of 1996. The consensus view then was for the Dow Jones industrial average to rise 5% and end the year at 5430. But the Dow passed 5430 in early February and is 838 points higher, at 6268. The Dow's 1996 gain: 22 ,5%. Only three strategists in last year's survey even predicted that the Dow would reach 6000. Most strategists, although wrong in 1996, again expect stocks to rein in their run. |
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