A temporary intermediate bottom in stock market is here but Dow is headed below 1700 by the end of 2010
Fred Day
Nov. 20, 2008

The stock market has reached a temporary bottom. The gloom and doom will son get replaced with Santa Clause relief rally. Dow can test 11,000 on the upside as Obama hysteria takes over Bush catastrophe.

But by end of 2010, Dow will target 1700 or lower, perhaps the ultimate bottom will be below 1,000 as US economy reels into deflation and depression.

The current market meltdown is a good opportunity to buy for a trader looking for a handsome 30% six months profit. The market is still bearish long term. The bear market rallies are sudden and sharp, but can fail anytime.

The stocks are hammered down and are perhaps good picks for a trader and equally bad picks for long term investors.

A temporary intermediate bottom in stock market is here but Dow is headed below 1700 by the end of 2010
Fred Day
The stock market has reached a temporary bottom.
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