Market Outlook Mixed as Dow Could Test 800 Level
Wall Street sees a possible technical rebound to the 828-830 area in the Dow Jones after tax loss selling wanes. Bearish fundamentals persist with high interest rates and Vietnam uncertainties likely delaying any easing signals. Picks like Waitt & Bond and American Bio-Chemical show gains, while Disney Productions remains strong. housing hopes hinge on a January 1970 action plan and money market conditions. Boise Cascade is near highs and regarded as a solid hold rather than a rush buy.