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 
They are no Nostradamuses.
More like amateur psychic night or America’s got Pyschics. Stick to Card Tricks.
I boldly predict that there will be people seeking to make a buck by making a prediction.
Wait, if it hits 40,000 15 years from now, that means, it will double twice in 15 years, or once in 7.5 years, so by the rule of 72, that’s about 10% per year, which is what it has been doing on average for decades.
Ben Ho, Economist
why 38820 and not 38820.23 ??
why should you take it seriously