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Tuesday, March 3, 2009

Is the Dow's next stop 5,000 or 10,000?

Is the Dow's next stop 5,000 or 10,000?
(Source TIME Permalink Read Article)
To get answers, TIME's John Curran spoke with Jim Paulsen, chief investment strategist at Well Capital Management:
If the stock market rallies in the weeks ahead, is there any reason to believe in it?
Well, I don't know why there wouldn't be. But I'm interested in the way you phrased your question because it is exactly where the consensus is today. There is absolutely every belief that we could go lower; and while we could rally, the belief is that it won't stick. It just says volumes about where we are right now. It's not just you. Even bulls like myself have that same feeling in their depths.

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