The Dow Jones Industrial Average surged 670 points on Monday, but it will hit bottom on Mar. 4, 2019, at 18,328.27.
That’s on the assumption that a major bear market began at the Jan. 26 highs, and that the ensuing bear market will be average both in terms of length and loss.
That would mean we face 11 more months of a declining market, in which the Dow DJIA, -1.43% will drop another 5,205 points (or 22.1%) from its Jan. 26 peak. FULL STORY