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Analyst: Dow To 5,000, Lost Decade For Stocks
Posted By admin On August 24, 2010 @ 7:51 am In Money Watch | Comments Disabled
Tuesday, August 24, 2010
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, Nenner told CNBC in an e-mail.
Deflation will arrive, along with a sharp double-dip recession, pushing the Dow lower, although, like the Japanese market, stocks will see several jumps of 30 percent to 40 percent, he said.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/38826988
 Dow Jones Industrial Average: http://data.cnbc.com/quotes/.DJIA%2C%20
 Stocks are currently in a bear-market rally: http://www.cnbc.com/id/38817384/
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