MOST SHARED
- Dow 10K: Celebrating 10 Years of 0% Return
- Sector Strategies for the Dow 10,000 Market
- Asking the Wrong Vivendi Question
- Highest Market Caps Today vs. 1999
- Art Cashin: What Dow 10,000 Really Means
- Don't Expect Rush To Get A Second Chance
- Yahoo Sings For Its Supper
- Dow at 11,000 to 11,500 by Christmas: Market Expert
- 10 Stock Picks from 2 Top Investment Strategists
- Thursday Look Ahead: Bears Are Sheepish
- Test
- Test Link
- AB InBev Sells E. Europe Ops to CVC for $2.2 Billion
- Singapore's OCBC to Buy ING Asia Private Bank
- Cramer Slaps Smack-Talking Kodiaks
- How Far will Asia Go? Look to Kospi, Not Dow
- The Last Dow 10,000: How the World Has Changed
- Kudlow: Dow Hits 10,000 as Storm Clouds Gather
RSS FEED
Dow at 11,000 to 11,500 by Christmas: Market Expert
Text Size 
CNBC News Associate
The Federal Reserve agreed to slow down the pace of a $1.25 trillion program to buy mortgage securities, according to minutes from the FOMC meeting. Clem Chambers, CEO of ADVFN, and Charles Crane, managing director at Douglass Winthrop Advisors, offered their views on the Fed meeting minutes.
“We’re releveraging, therefore [markets] are going up,” Chambers told CNBC.
“It’s just about a wall of money and about money supply. There’s a lot of money supply in there and it’s popping out in assets because the consumers aren’t allowed to get their hands on it—so it’s coming out in other places and coming out in assets.”
Chambers said the markets will go back and forward through the current level, but eventually will surge upward by year-end. “We’re on our way to [Dow] 11,000-11,500 by Christmas time,” he said.
Counterpoint:
- Use VIX to Protect Gains — Don't Trust Rally: Strategist
- Art Cashin: Why Today's Market is Like Dot-Com Bubble
Crane said the Fed’s minutes were not surprising—overall.
Bu, he noted, “It is interesting to hear them say that the risk longer-term on inflation is to the upside—that’s the first time we’ve heard that.”
 |
In the near-term, Crane said assets that have inflated the most in the last several weeks and months will be the first to go down.
“I’m concerned that gold is a little bit ahead of itself, especially in light of the comments we heard from the Fed on short-term inflation risk,” he said.
CNBC Data Pages:
- Gold, Silver, Platinum, Palladium Prices
- Where's the US Dollar Today?
- Track Treasury Yields/Prices Here
_____________________________
CNBC Slideshows:
_____________________________
______________________________
CNBC's Companies in the News:
JPMorgan Chase [JPM
Loading...
()
]
Pfizer [PFE
Loading...
()
]
Wyeth [WYE
Loading...
()
]
General Electric* [GE
Loading...
()
]
*GE is the parent company of CNBC and CNBC.com
______________________________
Disclosure:
No immediate information was available for Chambers or Crane.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes