These Bulls Don't Want To Say `I Told You So,' But...

What the handful of forecasters who saw a 9000 Dow in '98 see now

In early December, when the Dow Jones industrial average hovered around 8000, the idea that it would breach the 9000 mark by April seemed as likely as Bill Clinton inviting Paula Jones over for dinner. Just look at the '98 forecasts of the investment strategists BUSINESS WEEK consulted then. The consensus of those 45 seers suggested that the market would make only modest gains: a Dow of 8311 at midyear and 8464 at yearend.

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