...we only need about 10% annual compound growth in equities over the next decade to bring a 30,000 Dow within easy reach. We do a little better, and Dow 40,000 isn't out of the question, he reasons.
By Hal Plotkin
CNBC.com Silicon Valley Correspondent
Jan 23, 2001 06:22 PM
It’s a function of expectations. Nothing (Iran War called off because SA bought off the USSR) got in the way of people investing according to a tried and true formula. We are in the second term of a two term president in a decade with an election in 04 and 08. Yep the Fed does no harm until politics are decided. Then you can expect the Fed with the full support of the newly elected President to do their worst. No political fallout from crushing us in the first 2 years of a new president’s term.
If the Dow hits 30,000 that’ll mean there’s a Home Depot in my garage and Mcdonalds kiosks in my kitchen. In my bathroom, a Weyland-Yutani Model T3000 robotic Sheryl Crow TP attendant. It’s the future baby.
Wow. I can’t imagine what the price of gas would be if the dow hits 30,000. Scary times that would be! Inflation Hell!