Bear Market 2016: How Much Lower Is the Dow Headed?

This bear market we've hit will continue in 2016.

More than 50% of the S&P 500 stocks are already down 20% or more from their 52-week highs. And the Dow Jones Industrial Average is down nearly 11% from its May highs.

The Dow will fall even further in the next few months, according to Money Morning Capital Wave Strategist Shah Gilani.

Gilani has over 30 years of investing experience, from managing hedge funds to working on the floor of the Chicago Board Options Exchange.

So far, Gilani's calls about the Dow's drop have been spot on.

Back in November, when the Dow was approaching 18,000, he correctly predicted the Dow would sink toward 15,000 in early 2016.

On Jan. 20, the Dow hit 15,766.74.

On Wednesday, Gilani made his regular appearance on FOX Business' "Varney & Co." to make another bold prediction about the trajectory of the Dow...

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