4000 would be nice, but i think thats optimistic. the ripple effect of this financial crisis has just reared its ugly face over in the european banks and we are already knocking on 4000's door... i'm expecting more blood as some euro banks go to the wall, or very close to it...
i think we are looking at a DOW in the 7000's and the ASX in the low 3000's.
just my take on it.
more pain before gain. goodluck to those that are cashed up and ready to pounce, u'll make a killing. me, im leaving sum in cash just in case it crashes thru the 3000 mark...haha!!
good luck to all.
ps - i dont think things will get any better till first qtr 2010, time to saddle up and ride this one all the way out.
UMC Price at posting:
90.0¢ Sentiment: LT Buy Disclosure: Held