Apr 12, 2010

Ned Riley: Dow 14,000 (2010)

I still think stocks are going much higher. I've set a target of 14,000 on the Dow before we have to worry about different things... I really think that people are frightened, they are on the sidelines. Joe [Battapaglia] is right, the consumer isn't really bouncing along, and that's my second phase of economic recovery. That'll be the area which will eventually bring us enough revenue to kick profits even higher.

~ Ned Riley, as appeared on CNBC, April 9, 2010

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