“The Dow Jones Industrial Average will surge to 38,820

lol.



“The Dow Jones Industrial Average will surge to 38,820 in an eight-year “super boom” beginning in 2017, according to Jeffrey A. Hirsch, editor in chief of the “Stock Trader’s Almanac.”

“All previous major economic booms and secular bull markets were driven by peace, inflation from war and crisis spending, and ubiquitous enabling technologies that created major cultural paradigm shifts and sustained prosperity,” he wrote in a press release sent with the 44th edition of the book.

Hirsch’s forecast comes more than a decade after James K. Glassman and Kevin A. Hassett predicted the Dow would rise to 36,000 by 2005 in “Dow 36,000,” a New York Times bestseller. The 114-year-old average ended 1999 at 11,497.12 and sank as low as 7,286.27 in 2002 following the Internet bubble. The Dow then jumped to a record 14,164.53 in 2007 and fell to 6,547.05 in March 2009 after the worst financial crisis since the 1930s.”

 

sounds about right

 

Surely he meant 3,600 by 2017?

Idiot.

 

Can he tell me what tomorrow's settlement in the Dow or S&P will be?

 

Surely he meant 3,882 by 2017?

Idiot.

 

Well, that's cool. But I might be too old to see the charts by then.

 

The best part of this is the 820 portion of the prediction. No, not 35,000, no not 40,000, but 38,820. Why not give us the date and time in 2017 while you're at it.

 

Classic.

The Dow then jumped to a record 14,164.53 in 2007

Blame Bush.

 

Start accumulating puts @ 38,800 all the way to 6,680. Wow, we'll be the next zillionaires. Only a couple of years to go.

 

The Dow Jones Industrial Average will surge to 38,820
---------------

So what might be the share price of the Dow components to reach that figure?

Is WMT going to be $153.021 a share?

Whazzup wid dat?