Along with $20 bread and milk...
Doesn’t look good today.. LOL The only thing getting back on its feet are precious metals.
I smell a pullback coming pretty soon, and buying in at what is, at least for now, the top of the market is highly risky.
Methinks this is highly specious ca-ca!
The only way that I see this ever happening is when the dollar value plummets to about $0.01 and it takes about $35.00 to buy a loaf of bread, $75.00 to buy a gallon of milk and about $245,000 to fill your Prius' gas tank!
It looks to me like his explicitly stated case for DJII 20K purely via inflation is far more reasonable than his very oblique, vague, deniable implications that it will come via the fundamental economics of steady growth.
Yes, yeeesssss. I’m drinking the Koolaid.
Absolutely will happen eventually. The stock market is one of the best places to be as long as it is long term. I have been in the market since 1987 and have done very well because I have not sold a thing....my dividens are reinvested and I purchase monthly stocks through individual stocks and mutual funds. Everyone really should be investing. I know some are afraid of what the future will do to stocks but it is always worse in our minds. Invest!!!
“Dow 20,000 is onluy a matter of time”
He gets the Captain Obvious award. However time horizon is almost everything. Huge difference in situation between someone 20 yrs old vs 60. Also the pro’s can bailout much faster than you and they are calling the shots.
Ridiculous. A DOW that is not adjusted for inflation is useless. And what’s the fascination with numbers with a lot of zeros?
Yes, 20,000, 30,000, 40,000 as long as the dollar keeps losing its value, sure, why not?
Which only proves the DOW is completely divorced from economic reality. I give Americans an triple A plus on their sense of optimism in the midst of global economic collapse.
It’s the equivalent of a wheel barrel full of dollars to buy stocks.