Author: Dow Could Hit 14,000 Before Another Crash

The Dow Jones Industrial Average could soar to 14,000, only to tumble again, says Phil Town, investor and author.

The market is currently trading at about 10,900.

He predicts that the market will follow another cycle of booms and “another huge drop.”

The market will experience “spurts of good news” and also the opposite, he told Yahoo Finance Tech Ticker.

Town, the author of "Payback Time," advises investors to shy away from predicting the market in the short term and said it is “not about guessing the market right.” (more)