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  • Stock Almanac Guy Predicts Dow 38,820 -- Here's Why That's Definitely Possible

    09/27/2010 9:48:10 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 09/27/2010 | Vincent Fernando CFA
    Uh-oh. Jeffrey Hirsch, author of the long-running 'Stock Trader's Almanac' has forecast the Dow Jones Industrial Index to hit 38,820. But the catch is that he believes the majority of future gains won't start until 2017, when we enter an eight-year super boom. So he's forecasting Dow 38,820, by 2025: Bloomberg: “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. So he's looking...