A Rational Ending to the Bubble?

By: Chart of the Week | Sun, Jul 21, 2002
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On the way down, bubbles always overshoot their launch point. There will be many rallies and false hopes of a new bull market, but the Dow will break 4,000 before the Bear market is over. If history is our guide, below 2,000 is a more realistic expectation.

Dow Jones Utility Average
Chart Courtesy of BigCharts

 


 

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