Skip navigation
See all Play-by-Play postsSee all Morning Call posts

Current DateTime: 05:29:10 10 Feb 2012
LinksList Documentid: 23452000
Expiration DateTime: 2/10/2012 5:30:40 PM

Current DateTime: 05:29:10 10 Feb 2012
LinksList Documentid: 23452764
Expiration DateTime: 2/10/2012 5:30:24 PM

MOST SHARED


Current DateTime: 05:29:13 10 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/10/2012 5:30:45 PM

Current DateTime: 05:29:13 10 Feb 2012
LinksList Documentid: 24355697
  • The World's Best Beers

      Craft brewers account for only about five percent of the US market, but that may be changing.

  • Fashion Stocks Traders Love

      Over the past couple of months, the “Fast Money” traders weighed in on companies that stood out.

  • Best in Show

      Who is the top dog at the Westminster Kennel Club Dog Show

Analysts Debate Dow's Next Move After Hitting 13,000

Published: Thursday, 26 Apr 2007 | 12:55 PM ET
Text Size
By: Greg Levine
Features Editor

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."

© 2012 CNBC.com

CNBC HIGHLIGHTS

  • Alternative Investing: A CNBC Special Report
  • Marketing clichés aside, sometimes diamonds are for investing.
  • Nordstrom
  • The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
  • Las Vegas
  • This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
  • This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
  • Airdale Terrier
  • Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
  • Jennifer Aniston and Justin Theroux home
  • What kind of homes do celebrity couples share? Here’s our updated list. Take a look.


Current DateTime: 09:37:12 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 02:33:41 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:13 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 02:56:30 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  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

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters