How long do we have before the stock market drops to around 5000?
(I have heard on the news that it could happen very soon.)
Answer:
IF we go back to 5000, then something major will have happened. Short of a terrorist attack, we wont ever be seeing DOW 5000. I think we might see DOW 9500 again before we see DOW 11000, but I think in a year we will be comfortably above 11000. If you need cash in the short term, stay in cash. If you are in it for the long haul, don’t be afraid to start putting money in at 9500-9700
Posted: August 6th, 2010 under US Stock Market.
Tags: Stock market