Word: bostian
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Blaney Carter Bostian, HOBOKEN...
Many market watchers believe the rally will keep rolling in 1986. Says Mason Sexton, president of Wall Street's Harmonic Research: "You don't stand in the way of this bull if you value your life." He thinks the Dow will probably pierce 1600 before declining grudgingly. David Bostian, president of Manhattan's Bostian Research Associates, is optimistic about the longterm outlook for stocks but warns that the bulls may stumble in the next few months. Says he: "We're way overdue for a steep correction. An investor should not be doing aggressive new buying...
...course, if the market tumbles, mutual funds will tumble right along with it -- with the ones that have gained the most recently very often tumbling the furthest. Economist David Bostian headlines his most recent pronouncement: STOCK MARKET HAS REACHED ITS OVERVALUATION "RED LINE" FOR FIRST TIME IN 20 YEARS. I was around in 1973: it wasn't pretty...
...Rolland, an executive vice president of New York's Chemical Bank: "People think a Reagan Administration will cut Government spending and institute tax reforms that will stimulate investment and savings. Investors believe that the climate will be very good for financial assets like stocks." Adds Investment Strategist David Bostian of Bostian Research Associates: "In March you could not convince people that the Dow would ever go above 800. Now you cannot tell them that it will drop below...
...result is that longtime bears are lumbering out of hibernation. Market Analyst David Bostian of Bostian Research Associates, one of the Street's better-known pessimists, is trumpeting that the Dow could reach 2,000 within five years. Schroder Naess & Thomas, which manages $1.3 billion of institutional accounts, decided to increase its stock holdings by at least 25% because it was fearful of missing the market altogether. Explains Research Director John Groome: "We may be premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest...