Dow 20,000 shows why a 21yearold forecast for dow 116,200 in. In may 2010, when the dow jones industrial average was hovering around 10,000 and the markets were coming out of the financial crisis gloom, one financial blogger wrote, someone needs to say this. Authors james glassman and kevin hassett predicted that the dow jones industrial average would rise to. Dow 36,000 was the title of a popular press book on the stock. This book is a great example at how lots of charts 100s of charts and tables dont matter. The dow jones industrial average reached the 20,000 mark for the first time today, and americans watching the evening news, tuning in. The coronavirust stock market rally is roaring on, but breakouts are slowing.
The ups and downs of the stock market make celebrating any milestone a bit smallf foolish. I ve been double shorting the dow jones in 2008 and its been great. Seth masters, chief investment officer at ab bernstein, predicts the dow jones industrial average getting to 20,000 before the end of the decade and how it. Prominent stockmarket bull jeremy siegel says the best bet in a. It is simply a worka fascinating oneabout chinas past. Dow jones publishes the worlds most trusted business news and financial information in a variety of media. When the dow gains or loses a point, it reflects changes in. Dow industrials closes above 20000 milestone for first time on jan. Dow 36,000 reflects on the markets incredible climb. As the industrials topped 28,000 on friday, talk of the dow jones industrial average at 30,000 didnt seem so fanciful as when barrons suggested it in january 2017, as the blue chips hit.
The dow jones industrial average, for the first time in history, today broke through the. During a recent tv interview, i was asked whether i thought the dow jones industrial average could reach 20,000 in 2015. In early trade on wednesday, the dow was trading around 20,012, up about 98. The new strategy for profiting from the coming rise in the stock market is a 1999 book by syndicated columnist james k. Man who called dow 20,000 says it could hit 40,000 in 5 years. The man who called for dow 20,000 six years ago now sees this. The dow jones industrial average just broke 20000 for the first time. And dow 20,000 isnt as crazy a prediction as the famous dow 36,000 one from the book by james glassman way back in 1999. The dow jones industrial average crossed the 20,000 mark for the first time wednesday, with the bluechip index reaching that threshold after hovering just south of it for more than a month. Dow 20,000 a milestone that seemed out of reach and had a sciencefiction feel to it at the 2009 market low when it traded at 6,547, 54% below its thenpeak is now a reality. Dow 20,000 is arbitrary and pointlessjust like the dow itself. The dow jones industrial average on wednesday cracked 20,000 for the first time. Dow jones industrial average surpasses 20,000 to record. It took the dow jones industrial average, which was started in 1896, a decade to close over 100, then nearly 66 years to close over 1,000 which it did.
Im surprised they still sell this book, given that the dow is not at 20,000, but is. The dow was at nearly 27,000 in 2018oct03 during intraday trading. The dow jones industrial average closed above 20000 for the first time wednesday, fueled by a remarkable rally that began in 2009 as a bounce from the depths of the financial crisis, grew into a. Book recommendations, author interviews, editors picks, and more. Back in 1995, when the dow jones industrial average was around 4600.
Some time soon, the dow jones industrial average seems likely to break. It delivers breaking news, exclusive insights, expert commentary and personal finance strategies. The current runup in the dow began in september 2015, only a. The dow jones industrial average fell around 9 points, or less than 0. Bergers forecast is, in my book, the one good reason left to pay. As the dow jones industrial average edges closer the psychological milestone of 20,000, wonkblogs max ehrenfreund looks at what reaching that number really means, and. In may 2010, when the dow jones industrial average was hovering around 10,000 and the markets were coming out of the financial crisis gloom, one financial blogger wrote, someone needs to. The wharton professor who forecast that the dow jones industrial average would see 20,000 at the end of 2015 says that market fundamentals. Dow tops 20,000 mark after monthlong tease cbs news. The truth about dow 20,000 for investors and the stock market.
Im surprised they still sell this book, given that the dow is not at 20,000, but is currently falling below 11,000. To a growing number of analysts see james glassman and kevin hassetts dow 36,000 and charles w. The dow jones industrial average will jump 10,000 points by. Dow 36,000 was the title of a popular press book on the stock market published in 1999. While most people have a general idea of what this means the stock market is.
The major prediction in this book is that the dow will be at 40,000 in the year 2016. The dow jones industrial index is a benchmark index of 30 bluechip companies listed on u. Dow 36,000 the book was published in 1999, shortly before the dotcom bubble burst, and predicted that stocks would rise quickly to 36,000. The man who called for dow 20,000 six years ago now. Since i am a nobody, i must therefore be the perfect person to answer this question. Todays stock prices are well supported by solid prospects for corporate earnings and economic growth.
Kadlecs dow 100,000, its not a question of if the dow jones industrial average will blast into the financial stratosphere, but how high it will go one such lofty projection comes from financial advisor and author david elias, who believes that the dow s collection of blue chips are poised to. Most certainly, i answeredand immediately headlines reported that. The dow jones industrial average is on the verge of hitting 20,000 points for the first time a major milestone. Neil hennessy said were still in a bull market and the dow jones industrial average will soon hit 30,000. The projected increase in stock market prices predicted by elias, theoretically. In may 2010, when the dow jones industrial average was hovering around 10,000 and the markets were coming out of the financial crisis. The dow jones industrial average hit 20,000 in trading wednesday, marking a historic high and continuing a giddy posttrump runup that has. Strategies for profiting from the greatest bull market in. The authors who predicted, in separate books, that the dow could. Dow 20,000 shows why a 21yearold forecast for dow 116,200 in 2040 still makes sense published. Stock market hits 3 year low closes under 20,000 youtube. But if the long wait for dow 20,000 already tired you. Dow, 30, 000 by 2008 why its different this time second.
Dow hits alltime high, cracks 20,000 for the first time ever. The dow jones industrial average closed above the 20,000 mark for the first time wednesday, the latest milestone in a recordsetting drive for the stock market. The dow jones industrial average finally broke through the 20,000 barrier on wednesday morning a historic high for the leading stock market index and one it. What are these points that the dow is always gaining or. The dow jones industrial average has finally hit 20,000, and if it closes above that mark on wednesday, it will surely be a market milestone. The man who predicted dow 20,000 says this is the ultimate hedge. The dow jones industrial average djia is an index that tracks 30 large, publiclyowned blue chip companies trading on the new york stock exchange and. This is not a book about how chinas past shapes its present.701 1509 1307 438 1080 74 230 1305 451 1210 330 331 1345 1209 681 638 484 1297 344 876 697 1468 578 1654 689 1144 796 277 1231 884 442 903 537 227 984 1256 623