Using the Rule of 115 — a rough measure of how long it takes for something to triple based on a constant return — that’s a gain of roughly 7% per year.
If that rate of return holds for the future — and it’s smack in the middle of the 6% to 8% long-term range that many market observers believe is realistic — then the Dow would triple twice more over the next 32 years.
And inflation will be 10% during that period.
Calling Dow 116,200? Clear signal that today is the top.