Fund manager John Lekas sees Dow 6,300 by year's end

Filed under: Major movement, Forecasts, Market matters, DJIA, Recession

The U.S. stock market touched an all-time recovery high on Friday. Based on the technicals, the market should go higher. However, two analysts in particular have differing views.

John Lekas of Leader Capital and Michael Cuggino, portfolio manager at Permanent Portfolio Funds, share their views on the market. Lekas bases his predictions on the ever-growing unemployment looming over the market. The unemployment number was at 785,000 last month and that number is expected to get worse. Lekas states: "So, 26 to 27 million people who are out of work isn't going to help the economy."

Continue reading Fund manager John Lekas sees Dow 6,300 by year's end

Fund manager John Lekas sees Dow 6,300 by year's end originally appeared on BloggingStocks on Sun, 11 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

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