George Ure predicts:
I told you back in December what the track of things would be: That the market would drift down through around the middle of February to early March and then we ought to see a rally from Robin Landry’s Dow 6,500 to as low as 4,400 range with 5,800 a good middle-range guess. Then we’lll have us a screaming rally back up to the 9,600 kind of range – maybe even 10,000+ on the Dow by early summer. Then we head for Dow 1,000 (or lower) in 2010.
This prediction mirrors a lot of other views that the market (Dow) will experience a short rally up to around the 10k area sometime this year with the second, and far more serious, drop occuring over several years. Similar to what happened during the “Great Depression”.