Dow 15,000

By on July 24, 2009

So says a fellow by the name of Charles Lemonides, chief investment officer with ValueWorks, who sees this number on the Dow in a couple of years. It didn’t take much bullish action to bring out gurus trying to make the front pages. Actually the S&P 500 is up about 45% since March 9th, which is no small feat. Brian Wesbury, chief economist at First Trust Advisors, is not far behind by claiming that stocks are 50% undervalued and the Dow will breach 10,000 by year-end.

Source:

http://finance.yahoo.com/tech-ticker/article/288287/Dow-15000-Here-We-Come-Stocks-Going-to-New-Highs-Lemonides-Says
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