Sizzling U.S. Economy Expected to Slow in Early 2004 - 2004-01-02
Decreasing growth and increasing worries about terrorist activity in the United States should combine to create a mild, short-term market correction in the Dow in early 2004.
"We have been warning for some time now that home sales would begin slowing just as the broader economic recovery got under way due to peaking demographics in mortgage interest and trade-up home buying," Dent says. "Since a strong August peak, home sales have been slowing and we expect this to be a longer-term trend. "
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