Ralph Acampora gained fame for his 1997 prediction that the Dow would reach 10,000, after the index averaged 7,500 that year. It rose to that level in March 1999.
In 2007, he warned investors to avoid equities as strategists at the biggest Wall Street firms forecast gains. We know what happened after that. Now, he has boldly declared that the Dow Jones Industrial Average may climb to 13,000 by next June. This is because investors are too pessimistic about the economic outlook. Read more.
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