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This Is the Dow’s “Magic” Number

3 | By Wall Street Insights and Indictments Staff

The Dow’s fallen roughly 1,000 points so far in 2016. Will it drop another 1,000? Will we get the full 20% correction that Shah’s been predicting?

According to Shah, the Dow has to stabilize and consolidate at 16,500 – that’s the magic number right now.

If it doesn’t, things are going to get much worse before they get better…

Shah also weighed in on Chipotle Mexican Grill Inc. (NYSE:CMG), which just posted the worst quarterly numbers in its history. The stock opened at $459.11, down from its high of $758 per share in August 2015.

So is it time to buy? Or does the stock have farther to fall?

Find out below…

3 Responses to This Is the Dow’s “Magic” Number

  1. Lance says:

    Mr Gilani, I applaud your comments about the taxing of the super rich. I’m just dumbfounded about your colleagues not jumping on the bandwagon but what do I expect for lame mass media puppets, I mean who pays their paychecks right? But again sir I applaud you for standing up and distancing yourself.

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