Forbes signaling Dow 15,000 possible by end of year. [View all]

[FarLeftFist]

All the signs are becoming increasingly evident — for the Dow Jones Industrial Average to fall from current levels after shooting up on Feb. 17, 2012, to nearly 13,000, at 12,949.87. That is a tremendous 97% jump from the Dow’s scary closing low of 6,547.05 on Mar. 9, 2009.

-snip-

So investors should put what’s happening in the market in proper perspective. Dow 15,000 is within sight and achievable this year based on both technical and fundamental factors.

Please note: The Dow is just 8.58% below its record close of 14,164.53 reached on Oct. 9, 2007. So Dow 15,000 is within sight and if some of the trusty market indicators are right, the Dow will shoot above its old record high and hit 15,000 before long. Year-to-date, the Dow is up 5.99%, according to Dow Jones Indexes.

Link: http://www.forbes.com/sites/genemarcial/2012/02/20/forget-the-dow-at-13000-buy-the-dips-as-the-market-heads-toward-new-high-at-15000/