Roubini: Dow 7,000 Likely Sometime Next Year

By on October 9, 2008

Frighteningly, NYU economist Nouriel Roubini has revised his target for the Dow from 8,500 down to 7,000; to occur sometime next year. Roubini expects deflation to become an issue as the stock market continues its implosion. Roubini has been one the very few who has been accurate regarding the scope of the problems caused by collapsing housing prices.

Source:

http://finance.yahoo.com/tech-ticker/article/91357/Roubini-Rate-Cuts-Reduce-Crash-Risk-But-Dow-7000-Likely-%27Sometime-Next-Year%27?tickers=%5EDJI,%5EGSPC,%5EIXIC,SPX,DIA
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