Monday, March 2, 2009
The Dow has fallen 1632 points since I predicted the bottom, so I'm going to make another prediction-- we will hit the resistance seen in January 1995-- around 4100, before this market turns back up. Now we all know that good technical analysts watch the S&P, so I'll wager that the S&P will hit 500 before this is all over. That was the plateau in 1995. I believe it will take at least 4 years to get back to Dow 10,000. Hopefully by 2012 we'll be in the midst of a solar energy bubble, bolstered by healthcare and education spending.