Very doable, just 2000 more. Who would have thought this just 7 weeks ago. Out of the past 8 weeks, 7 have been up.
For goodness sake, stop predicting, stop forecasting. It doesn't matter whether it will hit an all-time high or an all-time Low. Only members from eliteinvestor.com hope for Dow to hit an all-time high. Go learn how to day trade !!!
The one thing you must always keep in mind with stock indexes. The long-term trend is always up. Individual stocks can go to zero. Stock indexes do not. If you wait you can always get bailed out. May not be the best use of capital, but the indexes always recover....always.
So you're saying don't use your brain by way of using stops? Don't look to park your money in something else till sideways action ends? And don't ever think about going short when the trend is plainly down? Just freakin' frackin' hodled forever?
Higher high made today on heavy volume. Yes, I think we make all-time highs in the Dow by year's end. The FOMC is all ready cooing like doves again.. The bear market is over. Earnings will suck but the indexes will be so high by the time earnings come out....who cares. THE SHORTEST BEAR MARKET IN HISTORY...
the djia is a beast. it shows the power of having an index composed of only the best stocks and by periodically removing the weak ones. It does better than hedge funds, active mangers who have entire teams of PhDs making 7 figure trying to figure this stuff out.