Tuesday, April 23, 2013

"Dow 16,000": What you should know about this weekend's big bullish prediction

"The stock market isn't the only thing that has set records this spring. Barron's semiannual Big Money poll of professional investors also is setting a record for bullishness, that is. In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks an all-time high for Big Money, going back more than 20 years."

"Dow 16000!" Barron's Magazine Big Money Poll, April 20, 2013

A few reminders…

"Still Bullish! (Dow 13000)" Barron’s Magazine Big Money Poll, May 1, 2000

The May 2000 Big Money Poll was published with the Dow Jones Industrial Average at 10733.91. The Dow had already peaked nearly a thousand points higher in January of 2000, and would go on to lose about 40% of its value in the 2000-2002 bear market, with the S&P 500 and Nasdaq faring far worse.

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