Wednesday, 29 December 2010

Finally! Someone On Wall Street Is Seriously Bearish! CitiGroup are saying..

Bottom line: Our favourite overlays suggest for the DJIA.
The peak may be posted as early as the opening days of January 2011 (possibly even 3rd January as per the other 3 examples) with a down month in the region of 5%.
We will see an intra year bear market next year (fall of over 20%).
We will close the year down double digit percentages (Plus/minus 16% down).
We could be waiting a further 6 to 8 years to eventually see the DJIA regain the 2007 highs on a yearly close basis.

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