The Dow may drop another 2000 points before the stock market selling is done: CNBC CFO survey

(CNBC) The Dow plunge isnt anywhere near done. At least not according to chief financial officers at major corporations. More than half of the members of the CNBC Global CFO Council think the Dow Jones Industrial Average will fall below 23000 roughly 2000 points from its current level before the stock market barometer is ever able to top the 27000 level. The 23000 level would equate to another 8 percent in decline among the Dow group of stocks before the selling stops. The Dow dropped by more than 400 points on Monday. The CNBC Global CFO Council represents some of the largest public and private companies in the world collectively managing nearly $5 trillion in market value across a wide variety of sectors. The survey was conducted from Nov. 1319 2018. Read More