Will it be possible to hit 10k in Dow and 2000 in Nasdaq?

Considering the current fears on recession and decrease in consumer spending , inflated dollar, increasing OIL and GOLD, decrease in retail sales, decrease in jobs etc etc.

Can we see Dow around 10000 and Nasdaq around 2000 and S&P around 1200 by end of 2008 ?

 

I doubt they will recover that much by the end of the year.

Better wait until 2010 at least.

:eek:

 

It is possible, but not likely. thats a 30% drop.

 

This is what causes market rallies.

 

we could. i think 11,200 is more likely but would not be surprised if we hit 10,000/ depends how long or deep the recession is.then again we can bounce to 14k in 3 months. i am just not smart enough to make such progostications but no,10k would not be a shock.

 

if the 40 trillion dollar CDS market tanks, i hope we hold 10k

 

David Tice thinks so. The ultimate bear.

 

Anyone still think the Dow will hit 10,000 by year end?

I think I was optimistic about 2010.

 

Likely 5,000 before 10,000... maybe even 3,000.

 

Get yer DOW 10k caps on around 2030.