- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
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
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes