On July 2, strategist John Carter told CNBC he sees the Dow below 10,000. Where did he suggest putting your money?

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On July 2, strategist John Carter told CNBC he sees the Dow below 10,000. Where did he suggest putting your money? Answer: both



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"When a sector becomes infected by a bubble…what history reveals is it takes 25 years to regain the highs that we saw in real terms," he said.

When it comes to fighting a U.S. downturn, now is the time to relocate assets into gold and oil, preferably through an ETF tied to the direct price of the commodity, Carter said.

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