Saturday, December 6, 2014

Dow 18,000 just the beginning: Pros

While some investors may be worried about oil derailing the rally, two pros told CNBC on Thursday they expect the Dow Jones industrial average (Dow Jones Global Indexes: .DJI) to break 18,000 soon, and go even higher.


"The overriding thing driving this market up and the reason it will break 18,000 is not the oil patch, it is the Fed patch. It's the $4.5 trillion that they jammed into the economy that's pushing every asset price higher almost every day," John Rutledge, chief investment strategist at Safanad, said in an interview with " Street Signs ." (more)

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