Showing posts with label stock trends. Show all posts
Showing posts with label stock trends. Show all posts

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.