> > Adding Up the Next Thousand Dow Points
> >
> > By James J. Cramer
> > 12/29/2003 09:00 AM EST
> > Click here for more stories by James J. Cramer
> >
> >
> > Market Commentary BULLISH
> > The Dow could reach 11,300 next year.
> > I get there by looking at the market from the bottom
> > up.
> >
> > If the Federal Reserve is telling the truth, if it
> > sits on the sidelines or raises rates moderately, I
> > think we will have, conservatively, a 1,000-point
> > increase in the Dow in 2004. It might happen before
> > the end of 2004; in fact, I think the high point of
> > 2004 probably will come in October, when it becomes
> > obvious that Bush is going to win in a landslide. But
> > I think we'll get those points without a problem.
> >
> > I don't get that idea by sticking my finger in the
> > air. I get there by looking at the market from the
> > bottom up, looking at the individual stocks. Like the
> > last time I did this, when the market was appreciably
> > lower, I was able to predict that Dow 10,000 was in
> > the cards by year-end. Similarly, I feel that 11,300
> > is in the cards by October 2004 and that we actually
> > could rally even higher if the Fed takes rates up only
> > 150 basis points in 2004. I say "only" because I don't
> > trust the Fed. |
