Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

Current DateTime: 08:45:49 12 Nov 2009
LinksList Documentid: 24355697
powered by digg
See all Play-by-Play postsSee all Morning Call posts
Text Size
Apr.26
12:55 PM ET
Thursday, 26 Apr 2007
Analysts Debate Dow's Next Move After Hitting 13,000
Posted By:Greg Levine

AP

After hitting the 13,000 mark, which direction will the Dow Jones Industrial Average go? The answer depends on whether you ask David Tice, president of The Prudent Bear Fund, or Tony Dwyer, equity market strategist at FTN Midwest Securities. The analysts gave "Morning Call" viewers their opposing viewpoints.

Tice said forget a housing recovery: "the baton has been passed" -- and corporate lending is now the market's big fear. He warned CNBC's Mark Haines that huge leveraged M&A loans are "tomorrow's problems," and said "ignoring risk" has led to superheated global liquidity and asset inflation. Tice's conclusion: "The market is going to go down."

Dwyer said he "was on David's side" in the late 1990s, fearing "earnings that were mostly fake." But Dwyer sees "the opposite situation now," praising a slowing economy for moderating inflation and preventing a sudden, hard landing. He said, "The biggest mistake investors can make now" is leaving the stock market. Dwyer declared, "The next size is 15,000, not 14,000."

© 2008 CNBC.com

Tools:
PrintEmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Billboard allows music lovers to watch concerts for free online, with five different camera angles.
  • US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
  • Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
  • Health Care
  • The NYT explains what the Senate needs to do to improve cost and quality in U.S. health care.
  • Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
  • Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
ADD COMMENTS
Remaining characters


Current DateTime: 06:21:11 12 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:49 12 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:01:49 12 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:49 12 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters