Friday, December 12, 2008

Yayyy! I was wrong

One minute before the stock market closes and thankfully no crash. (Been very cloudy and gloomy today in NYC so I was sort of right - it was a "dark day on Wall Street"). While I'm on a roll, let me add my voice to those speculating on where the stock market will eventually "bottom out" before it rebounds. Obviously, this is just a hunch - I'm not an economist, but I predict the Dow will bottom out in the mid to upper 5000's somewhere between 5,380 and 5,830.
CHART: Dow Jones performance over the past 12 months.

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