Dow 14,000 in 2007?

You will never, ever hear any predictions from me. I am merely following trends not trying to get egg all over my face.

But the extremely bullish crow is at it again. With the Dow having set a new intra-day high yesterday of 12,838.46, the next milestone of 13,000 is just a slight push away and 14,000 is appearing on the horizon.

Sure, the domestic economy appears stable and global economic growth is strong. If that milestone is reached, great, but I won’t hold my breath. The markets have a way of punishing those who are most convinced of its future direction.

Don’t mortgage the house and hog the credit cards based on predictions and throw it at Wall Street. Stay prudent and track your sell stop points. Otherwise, you might resemble the guy who does sit ups under his car.

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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