Joe Granville: Dow to 9,000 by Year-End

Wednesday, March 19, 2008 9:31 a.m. EDT

Joseph Granville, an investment guru who has been forecasting the imminent collapse for the stock market over the past 30 years, is beating the drum again.
He says technical chart patterns point to losses for stocks through the end of the year, with the Dow Jones Industrial Average dropping to 9,000 at that point, down 27 percent from 12,394 as of Tuesday’s close.

"There’s been a technical downturn in the market since April 2007,â€