• 27 Sep 2010 at 4:45 PM

Call The Close (In 2025)

By

Any ideas? Okay, this guy will start.

The Dow Jones Industrial Average will surge to 38,820 in an eight-year “super boom” beginning in 2017, according to Jeffrey A. Hirsch, editor in chief of the “Stock Trader’s Almanac.” The Dow closed today at 10,812.04, meaning it must gain 259 percent, or about 8.9 percent annually in 15 years, to reach Hirsch’s projection. It has lost an average of about 1.3 percent a year since the end of 1999. The Standard & Poor’s 500 Index slipped 0.9 percent a year including dividends between 1999 and 2009, the first negative return for a decade since data began in 1927, according to S&P. The withdrawal of U.S. troops from Iraq and Afghanistan and inflation caused by the wars and spending to end the financial crisis will help push the Dow higher, Jeffrey Hirsch said in the statement. Advances in energy technology or biotechnology may also help spur the rally between 2017 and 2025, he said.

Dow ‘Super Boom’ To Drive Average To 38,820 By 2025 [Bloomberg]

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Comments (50)

Older Comments
  1. 1
    Posted by Jimmy | September 27, 2010 at 11:23 PM

    I think someone already wrote that book.

  2. 2
    Posted by Barack Obama | September 27, 2010 at 11:26 PM

    “We will harness the sun and the winds and the soil to fuel our cars and run our factories… [and Marty McFly will go back to the future atop a hovering board to change the course of history to make it so].”

  3. 3
    Posted by NakedShort | September 27, 2010 at 11:37 PM

    In my next life I want to come back as an assclown that can, without worry of risking trusted clients captial or breaching that trust that took so long to build, make outlandish and vague market forcasts. Wait…forget the next life maybe I can work on Mad Money.

  4. 4
    Posted by ExtraOrdinaryPopularDelusions | September 27, 2010 at 11:40 PM

    This guy is actually pretty reasonable. He just left out the part where the dollar index drops to 0.12 over the same time frame.

  5. 5
    Posted by trojan | September 27, 2010 at 11:46 PM

    GLENDOWER. I can call spirits from the vasty deep.
    HOTSPUR. Why, so can I, or so can any man; But will they come when you do call for them?

  6. 6
    Posted by BeatITMcFly | September 28, 2010 at 1:51 AM

    McFly – wait a minute Doc, are you tellin me you built a time machine…out of a DaLorean?!
    Doc – the way I see it, if you’re gonna build a time machine…why not do it with some style!

  7. 7
    Posted by Samari_Sam | September 28, 2010 at 1:58 AM

    Does this start out with Bernanke farting during a testimony to Congress, which leads to a new “Economist Sent” that outsells even religion to become 90% of the market?

  8. 8
    Posted by Mathman Prophecy | September 28, 2010 at 5:34 AM

    “inflation caused by the wars and spending to end the financial crisis will help push the Dow higher”

    Fuck! This is quite a revelation. If only I had invested in Zimbabwe.

  9. 9
    Posted by Guest | September 28, 2010 at 12:05 PM

    Uh, erroneous. It’s called 2012. Everything will be destroyed. I totally saw it on film with John Cusack.

  10. 10
    Posted by Fly Me Away | September 28, 2010 at 1:31 PM

    I predict in 2025, we still will not have our fucking flying cars that the Jetsons promised me as a child.

  11. 11
    Posted by Glenn Beck | September 28, 2010 at 1:55 PM

    Has defense spending on the wars in Iraq and Afghanistan really caused inflation? Last time I checked, the Fed wasn’t too worred about that little detail.

  12. 12
    Posted by Texashedge | September 28, 2010 at 3:22 PM

    This doesn’t strike me as that crazy–the Dow was at about 2,000 17 years ago

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