Everything’s coming up camellias in money manager’s Y2K gardens
The Dow Jones Industrial Average, which suffered a rocky third quarter with interest rate and inflation jitters, will rally by year-end to 11,500, predicted New York money manager David Alger, chief executive of Fred Alger Management Inc.
"This will come about when people become aware that there is no inflation and the economy is decelerating," he said at a press briefing in New York hosted by the $8 billion-asset Enterprise Group of Funds, an Atlanta-based unit of New York insurer Mony Group Inc.
Because economic indicators are slo
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