Yesterday we asked Bespoke readers where they thought the Dow would close at the end of 2009. As shown below, the results are scattered all over the place. There are slightly more bears than bulls, however, with 48% expecting the Dow to close higher than 8,500 and 52% expecting it to close lower. The response that got the most votes was >9,000, while <7,000 got the lowest vote total. Surprisingly, 12% of respondents think the Dow will close below 6,500 by the end of the year, which would be a decline of more than 24% from here. That got the fourth highest vote total. Only 29 respondents think the index will close higher than 10,500. With the Dow down 150 heading into the July 4th holiday weekend, the bears are off to a good start.
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