Skip to comments.Dow 40,000, Nasdaq 20,000 by 2009; Harry Dent predicts a 'New Millionaire Economy'
Posted on 11/03/2004 4:12:45 PM PST by SierraWasp
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The DJ is up ove 100 just today!
P.S. and oil futures are down another $0.51/bbl today!
Babylon (Iraq) will be a glorious place.
Den-- He predicted a 100,000 Dow Jones prior to the burst of the Internet Bubble in The Roaring 90's....
The Roaring 2000's....
An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense "intuitive linear" view. So we won't experience 100 years of progress in the 21st century -- it will be more like 20,000 years of progress (at today's rate). The "returns," such as chip speed and cost-effectiveness, also increase exponentially. There's even exponential growth in the rate of exponential growth. Within a few decades, machine intelligence will surpass human intelligence, leading to The Singularity -- technological change so rapid and profound it represents a rupture in the fabric of human history. The implications include the merger of biological and nonbiological intelligence, immortal software-based humans, and ultra-high levels of intelligence that expand outward in the universe at the speed of light.
I hope not.... there is no way the company's could increase thier value in 5 years to justify that market valuation.
I'm happy to see an overall annual return in the 5-6% range which is close the the historical norm.
It's already happened. You haven't spoken with a Dem lately, have you...?
OK. Let's not get carried away. According to MOST economists, some real successful ones, we are most likely in middle of bear cycle, interrupted by cyclical BULL markets, also known as Sucker's Rallys (Current market being one of those Sucker Rallies).
So, Get out of the market when Nasdaq is around 2,300 or at least put very tight STOP LOSS orders.
High OIL prices, DEFICITS, and growing PERSONAL Debts, are going to put a hurt on us, towards the end of next year, especially as interest rates continue to rise.
Jim Rogers is a Smart Man and he shares this view as well.
In couple of years, we should have another one of these Sucker Rallies, so Don't miss it.
Here are few symbols to LOOK at if you want to take advantage of the TAIL END of current rally:
Hopefully the Senate RINO's won't get in his way.
WOOOPEEEE ANOTHER BUBBLE ECONOMY TO GO CRAZY AND THEN CRASH AND BURN!!!
Calm down folks, the economy can only grow so fast and the stock market can't outgrow the economy for long - it's tied to profits, bottomline.
This is a wild and silly prediction.
The stock market will double - in due course of time - when the economy doubles.
Sounds like a guy trying to sell books. What has he ever done that anyone should listen to him?
Only in America! The Franco/Germanic Euro-Socialists can neither do this, or participate in anything like this! They, like our Democrats, can only be envious!!!
America is truly an exceptional nation, not just a "SuperPower!"
As Eve said to Adam... "Better stand back, honey... We don't know how big this thing is gonna get!"
My australian shepard has better common sense than the looney left.
But when all's said and done, nothing changes in the financial markets. They will do what they always have, like a shark and his prey, the markets must move to live. Every 20 years or so there will be an unrecognizable bubble and people will make lots of money and then lose it all. Twenty years is a generation and people invest money for a reason: someday they will need that money. If the markets are at the bottom when they need it weeelll..SOL.
Dent is the eternal optimist. What did he do to protect all those retirees who lost fortunes in '00, '01, '02?
Dow 40,000? Maybe, who would have thought 3,000 in the early nineties would triple in less than ten years.
Funny you should post this...about 6 months ago I found an old tape of a Brian Lamb interview with James Glassman, author of Dow 35000 (or 36000?) from august, 1999. According to Glassman's cogent analysis, we were due to hit 35000 in 5 years...that is, August, 2004. He was off a bit.
Exactly. Quadrupling by 2009 is unlikely, but productivity growth has been very strong the last few years. It's possible we're starting to enter the knee of the Singularity growth curve.
That requires discipline to sell before the high is reached and buying before the bottom is reached. Sounds crazy, but it's true.
It's all about confidence and the power of positive thinking. That's what I so despise about Dems and EnvironMentalists! They drag all of society and it's economic potential down with Commonistic GovernMental parasitism!!! (to say nothing of analysis paralysis)
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