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Insights from Jeremy Siegel: 3 Reasons Why The Dow Will Hit 10,000 in 2009
Wall Street has been debating the huge run-up in the Dow Jones Industrial Average.
Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next…
So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year’s-end – and new highs within a couple of years.
Yes, the recovery will be volatile. But now is the time to buy, despite the…
18May2009 | Investment U | 0 comments | ContinuedSame Old Mistakes, Different Day
The Dow rose 89 points yesterday. Oil rose to $118…and has almost reached $119 this morning. The reason given for oil’s rise is a storm in the Caribbean, named Gustav, which threatens to shut down oil rigs in the Gulf of Mexico.
Gold rose $3.50 – to $831. We may have just had – and may still have – a great opportunity to buy into gold. The yellow metal seems to have bottomed out. Time will tell, of course…
“You never know what will happen or when, but things always happen the same way…”
We were trying to explain the mysteries of market…
29Aug2008 | Daily Reckoning | Comments Off | Continued
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