Tuesday, November 18, 2014

Dow 5000? There's a Case for It

http://online.wsj.com/articles/SB123654810850564723

Strategists Still See Rally, but Earnings Point to 1995 Levels for Stocks

Just how low can stocks go?
Despite Friday's small gain, the Dow Jones Industrial Average marked its fourth consecutive week of losses as it tumbled through the 7000-point mark and spiraled to new 12-year lows. The Standard & Poor's 500-stock index is trading below 700 for the first time since 1996.

As earnings estimates are ratcheted...

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