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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

CNBC [1]
Tuesday, August 24, 2010

The Dow Jones Industrial Average [2] 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 [3], 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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Full story here. [1]


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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/38826988

[2] Dow Jones Industrial Average: http://data.cnbc.com/quotes/.DJIA%2C%20

[3] Stocks are currently in a bear-market rally: http://www.cnbc.com/id/38817384/

[4] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[5] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

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