- Existing-Home Sales Jump to 2-1/2 Year High
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Maria Blog: Are Crazy Retail Deals Good for Business?
- Suze Orman’s 'A Healthier, Wealthier You'
- Latest Holiday Drinks: The Madoff...and the TARPatini
- Madoff Trustee, Law Firm Submit $22.1 Million Bill
- JPMorgan's Dimon Could Succeed Geithner: Report
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- Busch: Markets Smell a Country Rat
- Schork Oil Outlook: Mission Impossible For The Bears?
- S&P Stocks Trading at New 52-Week Highs
- Losey: Asset Allocation At Retirement
- Farrell: Obama Hectored, Ignored and Restricted?
- Don't Dwell on Investment Mistakes; Move on, Like Buffett
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
- Start-Up Proves Everything Really Is Better With Bacon
- TV Retailer QVC Joins `Black Friday' Frenzy
- S&P Stocks Trading at New 52-Week Highs
- China Asks Its Banks to Slow Down
- Paul: Audit the Fed
Text Size 
The Dow Jones Industrial Average could rally to 11,000 in the short term as optimism over incoming President Barack Obama boosts investors’ confidence, Clem Chambers, CEO of ADVFN, told CNBC.
“I think we can see the Dow between 10,000 and 11,000 in relatively short order, but whatever happens going forward I think we’re going to have a strong year this year,” Chambers said.
However, the stock market will remain highly volatile throughout the year, warns Chambers.
“It’s going to be incredibly turbulent, there’s going to be lots and lots of volatility, but we’re going to get an Obama bounce,” he said. “The new president is going to put a lot of optimism into people and help turn the tide,” he added.
Toward the end of the year Chambers said he is expecting a correction back down toward 10,000 points on the Dow, [.DJIA
Loading...
()
] but there will be “no long-term, clear trend for two or three years,” he said.
There is a “universe of stocks to pick right now," Chambers added.
He is currently building a portfolio of both “mad, crazy stocks that could go bust tomorrow” and “really good companies that have just been hammered down with the whole index.”
(Watch the full Clem Chambers interview above).
For the Investor:
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes