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Get Out While You Can! Dow Headed to 5000?
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[QUOTE]Originally posted by invester: [QB] • In early 2009, when markets appeared on the brink of collapse, Nenner said the S&P 500 was going from 660 to over 1000 within the coming year. • In early 2009, he foretold gold’s 6-month run from June in the low $900s to $1220, within mere dollars of its ultimate peak at $1225. • More recently, in December 2009 he called the top in U.S. stocks within 4 days. THESE ARE ALL UPSIDE CALLS, NOT DOWNSIDE. We have actually cleared the way for a run to S&P 1300 dow 13050. The treasury came out and said there going to keep cap. gains at 20% thus no late year sell off. I see Europe improving, the housing market, the dollar will loose strength thus good for exports. The only caveat is jobs, and I see that following suit after the financial regulation is ironed out. Corporations will know what there tax base will be, thus will know how much money they will need, thus can hire workers. I see S&P 1300+ by year end, not DOW 5000. Besides, the DOW index is really an irrelevant tracking index. Real traders use S&P. [/QB][/QUOTE]
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