Dow is Heading for 10,000

Sunday, 3 Aug 2008 | 8:11 PM ET

The markets can't seem to get that the U.S. is in recession, says Kirby Daley, strategist at the Newedge Group. But a downward movement is inevitable. He tells CNBC's Martin Soong & Amanda Drury to expect a 15% - 20% drop on the Dow in the near future.