Where Your Dreams Become Reality
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Subject: RE: Dow to close 2011 at 13,000 or above
Things this fall are SIMILAR to last fall when I called for a 10,400 Dow to hit 12,000 by years end (something I was wrong about by 16 trading days). After a couple weeks of serious volatility, things will settle down into more of a normal pattern.
First, you have to start with the norm, and the norm says that the markets go up from September to December. Not every year of course, but on average they do.
Second, Buffet just bet on Bank of America. That's huge for BOA and of course the Dow. Buffet is often ahead of the curve when calling a bottom (which I think he's done here), so it's possible the 13,000 won't hit until April 2012, but for fun I'm calling it December 2011.
Third, you can find lots of "experts" who have called for a Dow of 13,300+ by year's end who have stuck by that prediction, so I'm being more conservative than they are.
Fourth, it's just fun my brother.
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