DOW Will Explode to 18K-20K within the year

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  • Peter Hansen
    Banned
    • Jul 2005
    • 3968

    DOW Will Explode to 18K-20K within the year

    In this Sunday's Barrons James Finucane predicts Dow will hit 18-20K within the year. 67 yr old Fenucane has one of the best track records for predicting market lows, and says that the 1/22 and 1/23 lows of 11,508 should hold.
    Furthermore, he says betting on a slump is like betting against the government and human nature . Loads of cash on the sidelines and months of stock liquidation will light the fuse. The cycle ALWAYS repeats ....Fear to Confidence to Greed.
    I am inclined to believe Finucane and the money will be made in V , APPL , GOOG and a host of others. Boys and girls the fuse is lit and blast off is coming ....buy some beaten down companies , hang on and enjoy the ride.
    HAPPY EASTER TO ALL .....and have a beautiful day!
    Last edited by Peter Hansen; 03-23-2008, 07:45 PM.
  • New-born baby
    Senior Member
    • Apr 2004
    • 6095

    #2
    I agree about a bull market coming soon, though I am not so sanguine about a 20k Dow this year . . . .
    pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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    • dmk112
      Senior Member
      • Nov 2004
      • 1759

      #3
      Sounds like media spin to me, I agree that we might get at tradeable rally here but 20k on the DOW is pretty funny... 10k before we see 20k.
      http://twitter.com/DMK112

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      • IIC
        Senior Member
        • Nov 2003
        • 14938

        #4
        Originally posted by Peter Hansen View Post
        In this Sunday's Barrons James Finucane predicts Dow will hit 18-20K within the year. 67 yr old Fenucane has one of the best track records for predicting market lows, and says that the 1/22 and 1/23 lows of 11,508 should hold.
        Furthermore, he says betting on a slump is like betting against the government and human nature . Loads of cash on the sidelines and months of stock liquidation will light the fuse. The cycle ALWAYS repeats ....Fear to Confidence to Greed.
        I am inclined to believe Finucane and the money will be made in V , APPL , GOOG and a host of others. Boys and girls the fuse is lit and blast off is coming ....buy some beaten down companies , hang on and enjoy the ride.
        HAPPY EASTER TO ALL .....and have a beautiful day!

        What's this joker up to now?...Working for the Gov't???...Doug
        "Trade What Is Happening...Not What You Think Is Gonna Happen"

        Find Tomorrow's Winners At SharpTraders.com

        Follow Me On Twitter

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        • Peter Hansen
          Banned
          • Jul 2005
          • 3968

          #5
          Iic

          Originally posted by IIC View Post
          What's this joker up to now?...Working for the Gov't???...Doug
          Next James will change his name to James Brown .and start singing , "Papa's Got A Brand New Bag" LOL

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          • mrmarket
            Administrator
            • Sep 2003
            • 5971

            #6
            Must have been a flash trade and we missed it...darn it.
            =============================

            I am HUGE! Bring me your finest meats and cheeses.

            - $$$MR. MARKET$$$

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