Remember this prediction pre Y2K by James Glassman and Kevin Hackett ?
I think he’s correct. I also think that in 2025, $38,820 will buy a ham sandwich.
If/when the dollar crashes and if the DOW is then effectively reformed as an index of commodity stocks, then it could be 40,000 by 2012.
Maybe he misplaced a decimal point and means 3882.0
I don’t agree with 38,820 but I do feel that we are going to be entering a time of hyper-capitalism and we will start to see that in the near future, particularly after the election.
People are going to try and put together as much capital as possible so that they cannot be hurt in the future and many of them will succeed. Many new businesses will be formed and it will be common to know people who have several businesses going.
Be very careful of the people who cross your path over the next year or so. They may be future customers or investors who can give you a shot at becoming very well-off and you should find out as much as possible about them when you first meet.
Not if a Big Mac is $14. If the price of a Big Mac rises to $200, we could see Dow 500,000!
I suppose it is “definitely possible” if California legalizes pot. And if all 30 million of them have E*trade accounts...
Of course this assumes there will be a Dow Jones Industrial average in the year 2025...
Get some good Chinese stocks in the Dow and we’ll hit that. In fact, no reason why Chinese companies shouldn’t buy Dow companies in the coming years.
Not buying it. The markets are driven by demographics, which usually correlate to the peak in the number of 45-50 year old heads of households. That peak for us was in the late 1990’s, for Japan the late 1980’s.
The markets are going higher, but following the demographics in capitalistic countries.
Some loonies voted for Obama with high hopes he would make us more like Europe.
They will get their wish but didn't realize what Obama had in mind was 1923 Gernmany.
Off to market to buy a loaf of bread
