Dow’s year ahead: Rally, plunge, rebound predicted

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 19-01-2014

NEW YORK—One of Wall Street’s biggest bulls expects the stock market to suffer a sizable correction for the first time since 2011. But not before the Standard & Poor’s 500 index climbs closer to 2,000, or 8 per cent higher than Wednesday’s record close of 1,848.38.

In a report titled, “A Hop, A Drop and A Pop In 2014,” Craig Johnson, managing director at Piper Jaffray, says the primary trend of the stock market is still up despite a slow start to the year.

Dow’s year ahead: Rally, plunge, rebound predicted | Toronto Star.