Dow Faces Bouncy Ride to 5,000: Strategist – CNBC

Posted on August 24, 2010

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Rosy prediction; The Dow Jones Industrial Average will lose about half of its value over the next couple of years as it follows a Nikkei-like pattern of several sharp rallies in an overall decline, according to Charles Nenner, founder and president of Charles Nenner research.

Stocks are currently in a bear-market rally, and looking at charts and past trends, unemployment and leading indicators suggest the Dow will drop to 5,000 in the next two to two-and-a-half years

Dow Faces Bouncy Ride to 5,000: Strategist – CNBC.

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Posted in: Economics, Economy, Stocks