Bulls and bears both cry wolf - just at different times

Asked on his deathbed if he had any regrets, Errol Flynn replied: "Yes. Net income, and gross habits." The well-paid analysts and economists who predict the rise and fall of stockmarkets are no less extreme. "We are seeing a new paradigm," they cried of the dot.connery. The arch-bull Abby Cohen, Goldman Sachs' chief market strategist and one of Wall Street's biggest gurus, raised her 1999 target for the Standard & Poor's 500 index to 1,325, based on an improved outlook for corporate profits. "The basic conclusion is that 1999-2000 will bring further gains in corporate profits, mild-mannered...