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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?

"Less than 12,000. Reason - consumer debt." -- E.P.

North Carolina"I am bearish on this one. Although we may see a short term rally going higher than 13k due to the upcoming earnings report for the next few days. I think the Dow hitting 14k is highly unlikely. Looking at the how weak the dollar is, inflation becoming a foreseeable problem in the European economies, especially the U.K. and with China going red hot. The U.S. housing sector growing weaker, our exports growing due to a weak dollar and imports not exactly growing due to high dollar value from foreign countries, although we may have jobs slightly growing percentage wise, U.S. inflation a worry, overall the economy seems to be heading towards stagflation if not a definite slowdown.  With all this to consider, I see the market heading to a correction, we may say the Dow 12k again and remain there for some time until the years end."  --
A.S.

"14,000 of course.  Investors have nothing else to put their money into but  to buy stocks. The way the Dow  is going right now, I will definitely ride the bull market." -- R.S., Hawaii

"I believe the Dow could reach as high as 14,000 or higher by the end of the year. If the bulls remain on course." -- Chuck H., Mississippi

"Be ready 14,000 because here we come.  Not because of any exceedingly great outlook for the GDP in the near future.  Also, the huge deficit the Federal government is amassing like they have an unlimited credit card limit is not going away anytime soon.  However, the main reasons we will see the Dow hit 14k first is because much of the bad news has been factored in prior to the start of the earnings season.  Moreover, companies will beat earnings expectations at a rate of at least 3 to 1 because of the low expectations placed on them this quarter. That said 14k is going to happen in four to six weeks." -- Greg L., Wisconsin



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