What's the Dow most likely to hit next -- 14,000 or 12,000 -- and why? - CNBC.com Question of the Day

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Apr.26

12:46 PM ET

Thursday, 26 Apr 2007

What's the Dow most likely to hit next -- 14,000 or 12,000 -- and why?

“I say it will drop a little but head toward 14,000 maybe by summer's end. The Housing Market has hit bottom and now the real homebuyers are buying. The speculators have taken the gains/losses from housing and put their money into stable stocks. The new speculators see the market as more stable thus putting more money back into the market. Companies are making profits and investors love profits. So the Dow hasn't seen its end yet.” -- Michael M., Florida

“14,000. I remember this question was asked only 6 months ago, what’s next 11,000 or 13,000 and here we are today. There’s still a lot of $$$ on the sidelines.” -- Jeff, California

“15,000 is the next stop on this incredible bull run. Earnings are strong, interest rates are low, the dollar is weak, and liquidity is abundant. What more do you need?” -- Joel L., MA

“I feel that it will see 12,000 first. The housing market is relatively flat, we have over-inflated oil prices, and the bond market is lagging behind. The economy is still relatively unstable and a correction is what is needed to help unemployment and company earnings.” -- Alex H, Florida

“It has been an abnormally long bull market. The saying " Go away in May " will hold true this year with the down hitting 12,000 before it hits 14,000.” -- Adrian L.

“12,000, most definitely. Too many buyers got left behind when the DOW quickly bounced off of 12,000. They're not about to buy into this parabolic sucker. Besides, oil is going up, up, up ... and housing is going down, down, down.” -- Jeff S., Tennessee

“Well I would only hope it would hit 12000 again before going to 14000 or i think were in for another very big correction that may last quite awhile.” -- R.M.

"Dow will go to 12,000 first because it needs a rest. The Dow will resume its upward trend immediately after the Fed meeting in May." -- Duane, Florida

"12,000. Profit taking." -- Marvin E., California

"The Dow will fall back into the 12,500 mark by this Friday due to profit taking from one day rallies like Amazon.com and Alcoa, Inc. Yet with earnings much higher than expected this week, the Dow should reach over the historical 13,000 mark." -- Jack S., North Carolina

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