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Article: STOCK MARKET EXPECTED TO MOVE UPWARD THROUGH '87 / ANALYSTS PREDICT HEIGHTS OF UP TO 3,700 NEXT YEAR BEFORE CRASH
- Article from:
- THE JOURNAL RECORD
- Article date:
- July 24, 1987
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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How high is up? That's the obvious question for stock market
pundits in the second half of 1987.
The market's record performance in the first half is certainly a
tough act to follow. Yet, even though bargain-basement prices are
now long gone, some of the more accurate prognosticators still don't
believe investors have had too much of a good thing just yet.
They see the stock market moving ever upward through the rest of
1987, with only a few relatively modest corrections along the way.
Savvy investors should be cautiously buying whenever those slips
occur, they add.
Robert Prechter, editor of the Elliott Wave Theorist newsletter,
is still convinced the Dow Jones industrial ...