From Newsmax:
Olivier Garrett, CEO of investment consulting firm Casey Research, doesn’t think that the Dow’s drop below 10,000 is necessarily a bad sign.
That’s because he thinks that even at 9500, the Dow was overvalued. “We anticipate it will go… much further down,” Garrett told Newsmax. “We wouldn’t be surprised to see it back under 8000 before too long.”
Economic recovery is definitely going to be shaped like a W, not a V, says Garrett...
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