US

Cornerstone's David Hefty Calls For Dow 5,000, As Chinese Collapse And Underwater Homeowners Send Us To New Lows

Here’s an uber-bear that doesn’t get much attention: David Hefty of Cornerstone Wealth Management.

His call: A few more months of rallying, followed by a sudden, stomach-churning collapse to Dow 5,000 as China is exposed as the next Dubai, the economy slows, and a new wave of foreclosures begin.

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