Tuesday, January 22, 2008

Dow 15,000 in 2008?

Our model suggests that the market is undervalued by 25% today. With the economy picking up steam in 2008, our forecast is that the Dow moves up as well and our year-end 2008 forecast is 15,000, with the S&P 500 at 1625.

Once recession fears prove unfounded, US equities will soar. Those who maintain their appetite for risk will be richly rewarded sooner than they think.


~An optimistic forecast from economists Brian Wesbury and Robert Stein at First Trust Portfolios

2 Comments:

At 1/22/2008 9:22 PM, Anonymous Anonymous said...

That funny.

 
At 1/22/2008 10:31 PM, Anonymous Fred said...

Brian has always been a cheerful chap.

 

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