So the Dow set a new record today, passing the 13,000 mark. Cramer says he doesn’t think it’s going to stop there. He’s making the bold prediction that the market could see 14,000 by the end of the summer – and that’s a conservative forecast, he says.
“We’re blowing through level after level after level,” Cramer says. He likens the pop we’re seeing now to the breakout of ’96 to ’98. “It’s a miraculous run, and we need to get retail in this market.”
Cramer’s midnight, Dec. 31, 2007, target for the Dow of 14,458, which he made this past January, is now looking pretty tame. But what about a significant correction? Is there a possibility that the market could pull back 10%? No way, says Cramer. Stock supplies are way too limited. Even stocks that he would label dogs might be worth a look because supply is so tight.
“I am telling you, I am starting to get excited by this market,” Cramer says.
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