Make your own free website on Tripod.com
Recommended Resources
Cyberhaven.com Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)


Category: 

Stock_Market

Date: 

1997-11-18 09:33:07

Subject: 

Yaredeni Interview: More Risk Today Than in Past 10 Years

  Link:

http://investor.msn.com/prospect/inter/326.asp#2

Comment: 

Edward Yardeni, economist for Deutsche Morgan Grenfell, is the first well-known forecaster to warn about the possibility of a y2k-related recession in 2000. This is a reversal -- or major modification -- of his prediction of a Dow 15,000 by 2005.

* * * * * * * *

In August you were saying Dow 15,000 by 2005. Do you still believe the market will rally to those levels?

I indicated that I doubted it would be a straight-line move -- that somewhere along the way there could be a significant sell-off. I think any investor and any economist or strategist giving advice has to remain flexible. I'm not forever and ever wedded to these targets. And I think there's a lot of risk now. Even though I think there's a possibility of getting to 10,000, say, in the next 12 to 18 months, I think there's probably more risk in the stock market today than I can recall in the past 10 years. The risk/reward ratio here actually favors bonds over stocks over the next couple of years. Again, this is not to say that the market can't make new highs here. I suspect it will, partially because there aren't too many others that are all that concerned about the year 2000 problem.

Link: 

http://investor.msn.com/prospect/inter/326.asp#2

Return to Category: Stock_Market

Return to Main Categories

Return to Home Page