We are maintaining our long-standing target for the Dow 10,000 area by late spring 1999.
More Quotes from Stuart Freeman:
You're not becoming richer as a result of the split. Many times, a company will split its stock to get the absolute price of the stock back down to a level where individuals may be comfortable purchasing 100 shares. But you know, when you split the price of the stock, you simply have twice as much stock at half the price.Stuart Freeman
It doesn't look like inflation so far is accelerating. The market likes that because it worries less about the Fed raising rates too aggressively.
Stuart Freeman
You've got interest rates on your side, inflation on your side. Earnings look good in the second quarter and we think they will be good for the balance of the year. We don't see the indicators to suggest we've got problems at this point.
Stuart Freeman
Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.
Stuart Freeman
We've been thinking that the Nasdaq, as an index, would likely outperform a lot of the other indexes this year. It's a lot about secular growth. We're seeing growth in technology. And for the most part, it's been a tech year.
Stuart Freeman
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