Dow 38,000 – More Plumage for the Peacocking Bulls

Yesterday I let you guys in on a new phenomenon borne of the incredible September rally – the pageantry of the newly emboldened bulls (see it here:  T Shirt Time for the Bulls).

Fresh evidence of what I explained arrived later in the day as Jeffery Hirsch of Stock Trader’s Almanac fame laid out the case for Dow 38,820 by 2025.  It’s quite theoretical but still exemplary of the phenomenon I mentioned and an interesting read…

From StreetInsider:

The Dow Jones industrial average will hit 38,820 according to Jeffery Hirsch, editor in chief of the “Stock Trader’s Almanac,” the catch is investors will have to wait until 2025 when the markets will be eight years into a super boom.

Hirsch believes that the majority of the 259 percent surge will not come until 2017.

“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.”

That 2017 number keeps popping up as the start of the new bull cycle (16 years after the last cyclical peak in 2000 is how they arrive at it, same as the 16 years of bearishness leading into 1982 FYI).

So 9.4% a year would be needed to hit 38,000 by 2025 – not so outrageous when you consider that up until 1999, that’s pretty much what the market used to do.

Dreamy, creamy stuff, Mr. Hirsch.  Hope you’re right, I’ll actually be able to retire one day.

Source:

Hirsch Sees ‘Super Boom’ with Dow Hitting 38,820 (StreetInsider)

What's been said:

Discussions found on the web
  1. click here commented on Sep 14

    … [Trackback]

    […] Here you can find 87311 additional Info on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  2. EV EatVerts commented on Sep 22

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  3. immediate edge review 2020 commented on Sep 22

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  4. Buy THC Vape Cartridges Online commented on Sep 23

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  5. jackpot hack today commented on Sep 25

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  6. window cleaning service commented on Oct 02

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  7. Reliant Energy Plans commented on Oct 04

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  8. masterroof.info commented on Oct 19

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  9. intelligent automation commented on Nov 27

    … [Trackback]

    […] Here you will find 58229 additional Info to that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  10. braid wig commented on Nov 28

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  11. tangerine online login commented on Nov 29

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  12. Devops solution commented on Dec 01

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  13. wigs commented on Dec 17

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  14. bnc canada commented on Jan 08

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]

  15. AMX NXI manuals commented on Jan 21

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2010/09/28/dow-38000-more-plumage-for-the-peacocking-bulls/ […]