You heard that right bulls, the dow is going to 38,820!!! The next super boom is going to take it there... Says next boost is going to be energy and biotechnology! <div><object width="576" height="324"><param name="movie" value="http://d.yimg.com/nl/techticker/breakout/player.swf"></param><param name="flashVars" value="repeat=true&browseCarouselUI=hide&vid=24810348&"></param><param name="allowfullscreen" value="true"></param><param name="wmode" value="transparent"></param><embed width="576" height="324" allowFullScreen="true" src="http://d.yimg.com/nl/techticker/breakout/player.swf" type="application/x-shockwave-flash" flashvars="repeat=true&browseCarouselUI=hide&vid=24810348&"></embed></object></div> Jeff Hirsch, editor of the perennial must-read Stock Trader's Almanac, has written a new book, "Super Boom: Why the Dow Will Hit 38,820 and How You Can Profit From It." Now, the market historians among you may be quick to file Hirsch's latest effort with bubble-era tomes predicting stocks' straight shot to the stratosphere. You may want to check that cynicism at the door in this case. Here are some reasons why: *Hirsch's father is the legendary Yale Hirsch, famous for a call to buy stocks in the late '70's. Yale caught a mere 20-year bull market, which took the Dow 1,447% higher. Jeff's spent a lifetime at the knee of the legend and is using much the same logic here. 500Chart *Unlike the books of the '90's, Hirsch is making his prediction after an extended period of market sound and fury signifying no meaningful gains for over a decade. Making the case for meaningful gains in the face of global unrest and entirely justifiable investor skepticism is entirely different than selling books to day-trading housewives. *Hirsch's work makes sense if you actually read it. It's not just me saying so -- renowned smart-guy cynics such as Dougie Kass and Barry Ritholz agreed strongly enough to endorse the book at length. The three of us aren't given to hyping that which we don't believe. *Hirsch is offering a specific time line which, like that of his father before him, isn't a howling cry to "Buy Now or Miss the Rally!" In both the book and on set, Jeff was willing to stick his neck out and offer specifics. Right or wrong, I respect the guy's guts and his reasoning. Agree or disagree, it's an interview worth watching. Below is Jeff's outlook in graph form. Take it in, watch the clip with Nesto and me, and, as always, let us know what you think.
I'd say he's shooting for a bit of a niche market, but obviously his publisher thinks there's room to squeeze in between Dow 36000 and Dow 40000 while we're on the way to Dow 100k. http://www.amazon.com/s/ref=nb_sb_s...&field-keywords=dow+100000&sprefix=dow+100000
No one can predict the market consistently in any given time frame especially one so distant. These people show up on TV hoping that the clock that is right twice a day blesses them with a good call and when it happens they capitalize from their miraculous call as if they were the Messiah. They show up everyday on every network, do yourself a favor and ignore them all, anyone with a clue knows it's all baloney. Use your time wisely. Crazy A
Yip I agree DOW will be 40,000 by 2025.....and USD will be toilet paper. Look at the dollar index trend..
I'm not saying it won't happen or that it will because obviously I don't know. However, one thing I do know is that in reference to your dollar comment, trends do change Crazy A
Is this even relevant? the dollars is dead, QE will destroy the dollar, my guess is till somewhere between 2015-2016.
The guy who authored DOW 36,000 lost his faith. We first need to see 36,000 before I'll believe we go to 38,820.