Weary investors, take heart. Jeffrey A. Hirsch, editor of the Stock Trader’s Almanac is predicting good times ahead. Bloomberg reports that Hirsch is predicting “[t]he Dow Jones Industrial Average will surge to 38,820 in an eight-year ‘super boom’ beginning in 2017.” Hirsch believes that the withdrawal of troops from Iraq and Afghanistan, inflation, and energy or biotech booms will drive the rally. Predicting future market levels hasn’t historically been an easy thing – back in 2000, James K. Glassman and Kevin A. Hassett predicted the Dow would hit 36,000 by 2005 in a best-selling book. They were a little bit wrong. The Dow opens this morning at 10,812. [%comments]
Dow 38,820?
TAGS: finance
and 
. You can also watch it on 
If it’s driven to 38,000 in part by inflation, isn’t that kind of a bad thing?
The 38,820 Dow and $5 will probably get you a latte at Starbucks. If the “Dow Divisor” is based upon the same Wall Street shenanigans that we have seen in the recent past. No problem.
2% of the population owns 50% of the wealth. 50% of the population owns 2% of the wealth. And it will only get worse.
Maybe they’re just predicting an average inflation rate of 8.8% for 15 years?
38,820, really? Not 38,830?
I’ll take the under. /thankyouverymuch
“Maybe they’re just predicting an average inflation rate of 8.8% for 15 years?”
Indeed, and that will also be how the real estate market “recovers”.
Who is John Galt?
Don’t you mean “wary” investors?