Posted on 07/21/2016 5:08:55 PM PDT by blam
by J.L. Yastine
July 21, 2016
A massive stock market rally is at our doorstep, according to several noted economists and distinguished investors.
Larry Edelson, a Money and Markets editor, predicts: “The Dow Jones Industrial will lead the way higher and catapult to 31,000 over the next two years.”
Ron Baron, CEO of Baron Capital, thinks: “It’s going to be 30,000.”
Jeffrey A. Hirsch, editor-in-chief of the Stock Trader’s Almanac, believes it will go even higher: “The Dow Jones Industrial Average will surge to 38,820 in a ‘super boom’ beginning in 2017.”
However, Paul Mampilly’s “Dow 50,000” predication is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.
Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s.b I’ve never been more certain of anything in my career.”
(snip)
(Excerpt) Read more at thesovereigninvestor.com ...
That’s one of the business areas I could see fueling the dow. But I thought techs were on NASDAQ.
Wont he try to adjust the borrowing rate to something sensible? Wont that hurt the market?
I dont know. That’s why I’m asking as you seem quite knowlegable on the subjec. :)
Based on what valuation?
Now I KNOW the market about to crash big time.
^^^^^THIS
Every dollar is worth a dime already.
Dow 50,000 is going to happen.....and it will not be a bubble.
The DJIA is an average which is periodically readjusted, by removing poorly performing companies and then inserting good performing companies. This being the case, 50,000 is inevitable.
Printing money will do that.
The fed (and most Western central banks) has been doing everything in its power to keep the market up. They will continue to do so. It is, therefore unlikely there will be a strong move down - until the US dollar goes into crisis.
It is also unlikely there will be a strong climb up as there are zero fundamentals to support such a move.
Anyone who thinks that the biggest financial bubble in human history is not going to pop, with devastating results in the next few years at the latest, is beyond ignorant or delusional.
If Trump moves very aggressively on the issue he will be able to deflect some of the pain. But that 18 trillion dollar bill is going to be paid one way or the other. Obama and congress have put us in the position of only being able to choose between a crap sandwich and a crap sandwich with mustard.
When this is said about gold, it’s attributed to money becoming worthless. Would not the calculus same apply here?
The solution is self-evident, I view it as the Wall Street Mafia with the odds favoring the "House."
Just make computerized trading illegal with serious, certain penalties, like 20 years in jail and forfeiture of all ill-gotten gains, including property and foreign accounts.
Then perhaps all Americans can participate, investing in the backbone of the "Greatest economic structure" in history, a Free Market system which, for so many years, actually worked!
Who can ever forget these hair-on-fire blog headlines?
Kerry Lutz and David Banister—Gold and Silver are Screaming Buys!
http://www.freerepublic.com/focus/f-bloggers/2816305/posts
(Predicting imminent $2300.00 gold)
And just why is this supposed to happen?
Stocks historically actually do better under Democrats (believe it or not)
http://money.cnn.com/2015/10/28/investing/stock-market-democrats-republicans/
YES!
The stock market was created to allow everyone to invest in businesses. But the effing greed of these Wall St. Bastards with all their derivatives, shorting, using computers to game the system and cheat the individual investor turned it into a completely rigged system that exists today for the few to become insanely wealthy. Make me president and all this stuff would end and I would “take” every penney of wealth of those who have illegally and immorally profited at the expense of the little guy! BTW Nigel Farage (UKIP) is on with Lou Dobbs right now, saying exactly what I've written above!
What a waste of time.
I don't view being rich and a greedy moron are mutually exclusive.
No matter how your gold is kept, it's almost a certainty that if it has unexpected negative consequences, there are even odds that we will repeat the imbecility of...
Roosevelt's Executive Order 6102 signed on April 5, 1933... and The United States Gold Reserve Act, signed into law by President Franklin D. Roosevelt on 30 January 1934.
Imagine Obama or an insane successor hesitating to do that!
Get in before it is too late... ... ... ... ...
I make no claims to being an “investor.”
But it seems to me the market is way, way overvalued. A Dow-Jones average of 12,000 or so makes sense to me. Maybe lower.
Last time I heard this sort of talk was late 2007...
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