Analysts, Gurus &amp; Pundits

Top 122. May 31, 1999 10:56 PM

» DennisL - Jack, Kirk...

...when I click on the link for the Battipaglia article, it takes forever, then times out. Ditto for the picture in Kirk's post. Can you post the article here. I want to read what Mr. B. had to say.

Thanks.

-- posted by DennisL

Top 123. May 31, 1999 11:17 PM

» JenL_3 - Battapaglia Article

Here ya go Dennis:

Market Commentary
by Joe Battapaglia, Chairman of Investment Policy
Monday, May 24, 1999

"We’re Still on Track for DJIA 12,000"

The relatively trendless market over the past several trading days is encouraging in the context that investors are clearly not leaving the market in droves based on the Fed’s stance on interest rates or what the April CPI number might imply. Oil prices have begun to slide and are well off their highs. Moreover, although the Fed signaled a tightening bias, it took no action. In fact, the economic numbers indicate that the economy is smoothing out to a 3% GDP growth rate.

I believe that it is appropriate for investors to inquire about potential inflation. We have always said that an inflationary spiral or a massive recession would end the bull market. I adamantly believe that there will not be a recession, and I do not foresee an inflationary spiral. In my opinion, the April CPI number was an aberration that will moderate in May and June. The 1999 full-year CPI number should be around 2.3%. In my analysis, although the market is currently trendless, it is trendless at a high level. This is encouraging to bullish investors, and the market should move substantially higher when second-quarter earnings are reported at the end of June. Because we are in an earnings-driven market, sustained quarter-over-quarter improvements should drive share prices upward. I am confident that we will see favorable earnings in the second, third, and fourth quarters. Under my scenario, expanding economies overseas will add just enough to our export profile and business conditions without overstimulating the U.S. economy, pressuring global commodities, and creating more inflation concerns. I forecast a 3.5% increase in GDP for the second quarter and 3.0% by the fourth quarter. The full-year 1999 GDP number should fall between 3.7% and3.9%.

I maintain my year-end 12,000 target for the Dow Jones Industrial Average, 2,900 for the NASDAQ Composite, and 1,600 for the S&P 500 index. In addition, I believe that the leadership is starting to reemerge again in pharmaceuticals, technology, telecommunications, financial services, and transportation. The bond market is behaving much better and should continue to perform better. Specifically, I still believe that the 30-year Treasury bond will trade in the range of 5.25%-5.88%, although it is still possible that the yield could hit 6.0%-6.25% at some point. In conclusion, I am still very bullish on the market outlook and expect June to provide more positive bias to the market than we have seen in the past few days.

Go Joe!....Jen

-- posted by JenL_3

Top 124. Jun 1, 1999 4:30 AM

» DennisL - Joe B. Article

Thanks, Jen. Wow! Is Mr. B. a raging bull, or what? I hope he's right and not simply looking at the world through rose colored glasses.

-- posted by DennisL

Top 125. Jun 1, 1999 6:59 PM

» TONYBRIG - UH UM

Joe doesnt hem and haw like many.
shoots straight from the hip with excellent
logic (me thinks)

For these guys on TV to be paid so high for their
ums and unhs and wells is a disgrace.
Listen carefully cant even complete a sentence
without umming!

uh um well...........VBOLHH

-- posted by TONYBRIG

Top 126. Jun 7, 1999 7:59 AM

» KirkL - Jim Rogers to Kirk

Subject: Re: How do you do it?
Date: Mon, 07 Jun 1999 22:36:22 +0900
From: Jim Rogers jim@jimrogers.com
To: Kirk Lindstrom

Thanks for your terrific note. Ride with us on the web and we'll see.

At 07:07 AM 6/6/99 -0700, you wrote:
>Get a pretty young gal to go with you for a 3 yr trip?
>You and Clint are my heros!
>--
>best regards
>Kirk Lindstrom

Jim Rogers
e-mail mailto:jim@jimrogers.com
web page www.jimrogers.com

-- posted by KirkL

Top 127. Jun 8, 1999 7:47 AM

» KirkL - To:

To: +Ian Stromberg (5656 ) From: +Allan P. Harris
Monday, Jun 7 1999 9:50AM

The three market timers who have absolutely nailed this BULL MARKET are:

Bob Brinker
James Dines
Harry Dent

In order of current Bullishness:

Harry Dent
James Dines

Big gap

Bob Brinker

-- posted by KirkL

Top 128. Jun 8, 1999 9:03 AM

» KirkL - More on Great Bulls

Kirk adds:

I'd add Abby and JoeB.

Joe B is still a raging bull and Abbey is in the cautious bull camp.

Responding to this message from Ian Stromberg on Jun 8 1999 11:46AM EST
I don't know that either Abby or Joe B fits the definition of Market Timer. They've tended to recommend staying relatively fully invested at all times.

So has BB... Joe B is very good at picking stocks as well as being right on the market.

Lazslo Birinyi, IMO, should be added to the top of the list. He's consistently been the most accurate at calling short term direction.

Lazslo ALSO won the stock picking award on WallStreetWeek. He has been great!

Many bulls, not listed here, said "buy the dips" on most of the dips including 1998 so I give Brinker nothing extraordinary for those. Brinker's call in 1994 when the market was flat to "buy, buy, buy" was brilliant. IF he correctly figures out what to do NOW at these valuations, then he could go into a hall of fame if he goes against the crowd and is RIGHT. I wonder if there is a desire to "retire on a hall of fame market call" could cloud his decision making process???

-- posted by KirkL

Top 129. Jun 8, 1999 6:38 PM

» TONYBRIG - How bout Chris Antley

Supposed to have a great track record.
I believe he said that he made 1m last year!

VBOLHH

-- posted by TONYBRIG

Top 130. Jun 8, 1999 9:59 PM

» Mark_J - And Ralph

Ralph has also been a great bull during this run. He's simultaneously been a great bear in this run.

Thus, he has the new bull runs covered and the 5% pullbacks.

He's always right. The market will trade in a range from 9000-12000. Thanks for the tip, Ralphie baby!

How much does this guy make!??!?!?! I can do it! I really can!!!

-- posted by Mark_J