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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,