Dow 6,000 or Dow 14,000?

It depends on whom you ask.

A week of gut-wrenching losses in the stock market ended on Friday with the Dow Jones industrial average falling 59.91 points, to 12,099.30. That modest decline capped a four-day 678-point plunge that left Wall Street traders and everyday investors wondering if the worst was over  or yet to come.

David W. Tice, a renowned bear, said Friday that the Dow would sink to 6,000 by the end of the year as the country slides into a recession.

But Abby Joseph Cohen, the superbull at Goldman Sachs, maintained that the Dow would roar back to finish 2008 at a level 22 percent higher  14,750 is the number  as the economy perks up later in the year.

While their views diverge, both strategists agreed on one point: The wild ride is far from over. In whiplash trading, the Dow has fallen 14 percent from its peak in October. While the market has taken deeper dives in the past  it plummeted 37.8 percent from January 2000 to October 2002, for example  volatility is approaching its highest levels in several years.