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Endless summer - Sep. 19, 2004

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Endless summer - Sep. 19, 2004
Topic: Markets & Investing 12:27 pm EDT, Sep 19, 2004

] NEW YORK (CNN/Money) – After spending most of the
] summer stuck in a trading range, stocks have been
] climbing steadily higher since August. But prices have
] yet to break the upper-end of the range, and some
] analysts think it will be a while before they do.
]
] "This has been a short-term rally in an overall longer-term
] bearish environment," said Richard Suttmeier, chief market
] strategist at Joseph Stevens & Co. "Conservatively, there is
] less than 5 percent upside potential. If we're fortunate
] enough to get that, then the average investor should
] pare back their holdings."

Major suckage.

Endless summer - Sep. 19, 2004



 
 
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