Today the Dow Jones Industrial Average hit 11,120 points, marking a five year high. I was glad to see this happen because I had bet a Pacific Exchange option trader that before the month of February was over that the Dow would close above 11,100, he owes me a six pack of beer. I now believe that the DJIA has hit the high water mark and that it's all downhill from here. How low will it go? I'm going to say that by this time next year we'll see Dow 8,800.
