Dow Jones Industrial Average Will Hit New Highs Before Crashing 50 To 60 Percent

January 31, 2013 4:16pm NYSE:DIA

high yieldThere’s an old axiom that claims you get what you pay for, meaning value does not come cheaply. This is particularly poignant at a time when traders are on watch for the Dow (^DJI) and S&P 500 (^GSPC) to set new closing highs and investors seem immune to existing signs of caution.


Even the worst GDP figure in 3 1/2 years didn’t do much to slow the market’s ascent.

Even the most optimistic investors are getting a bit antsy these days, wondering how and when it’s all going to end. For Tom Kee, president & CEO of Stock Traders Daily, the answer to that question is ‘not well.’

“I’m looking for another high in this market, then I am looking for a turn down,” Kee says in the attached video, adding that he believes it is “going to come relatively soon.” By downturn, however, what Kee real means is a crash to the tune of ”50 to 60%,” which would bring the Dow Jones under 6,000.

Related: Direxion Daily Financial Bear 3X Shares ETF (NYSEARCA:FAZ), Direxion Daily Small Cap Bear 3X Shares ETF (NYSEARCA:TZA), ProShares UltraShort S&P500 (NYSEARCA:SDS), Direxion Daily Financial Bull 3X Shares ETF (NYSEARCA:FAS), Dow Jones Industrial Average (INDEXDJX:.DJI).


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