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Thread: Dow Jones 30,000 - How about this time?

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    The Republican Agenda HadEnough2's Avatar
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    Dow Jones 30,000 - How about this time?

    This was last predicted by Robert Zuccaro, CFA, who said the Dow Jones would hit 30,000 in 2008. We all know what happened that following year. The worst recession since the Great Depression. On March 9th, 2009 the Dow hit an all time low of 6,547.

    A book titled Dow 30,000 by 2008: Why Its Different This Time, written by Robert Zuccaro has some of the most entertaining Amazon reviews you will ever come across. To be fair, Zuccaro was once part of a mutual fund team that achieved triple digit returns in 1998 and 1999, but his 2008 call was wildly inaccurate.

    Not only did the Dow not hit 30,000 (a benchmark it is still a long ways away from), but 2008 began the worst financial crisis since the Great Depression and watched the Dow plummet more than 30%
    Top 10 Hilariously Wrong Stock Market Predictions

    Another good read. 'Dow 36,000' Co-Author James Glassman: This Time, It Will Happen

    https://www.aol.com/2013/03/12/dow-3...ew-prediction/

    So here we are. The Dow is flirting with 25,000. Can it go higher? Or are the Tax Breaks built in to the Market already? Personally, with the recent run and everyday getting closer to retirement, I just took some off the top and put some money in a Stable Fixed Income Fund.

    What do you think? Are we on our way to Dow 30,000?

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    Veteran Member PACE's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    This was last predicted by Robert Zuccaro, CFA, who said the Dow Jones would hit 30,000 in 2008. We all know what happened that following year. The worst recession since the Great Depression. On March 9th, 2009 the Dow hit an all time low of 6,547.



    Top 10 Hilariously Wrong Stock Market Predictions

    Another good read. 'Dow 36,000' Co-Author James Glassman: This Time, It Will Happen

    https://www.aol.com/2013/03/12/dow-3...ew-prediction/

    So here we are. The Dow is flirting with 25,000. Can it go higher? Or are the Tax Breaks built in to the Market already? Personally, with the recent run and everyday getting closer to retirement, I just took some off the top and put some money in a Stable Fixed Income Fund.

    What do you think? Are we on our way to Dow 30,000?
    I don't think so, valuations were driven by mergers and acquisitions last year, especially in tech, and that driver is going away.

    Too many tie the economy to the market; that's a big mistake.
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    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by PACE View Post
    I don't think so, valuations were driven by mergers and acquisitions last year, especially in tech, and that driver is going away.

    Too many tie the economy to the market; that's a big mistake.
    We have companies like Apple that are approaching $1 Trillion in Market Cap. And they're getting a tax break.

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    The Republican Agenda HadEnough2's Avatar
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    Trump just made the claim at his staff meeting that he thinks the market will go even higher. Don't remember any Presidents making stock market predictions.
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    Quote Originally Posted by HadEnough2 View Post
    Trump just made the claim at his staff meeting that he thinks the market will go even higher. Don't remember any Presidents making stock market predictions.
    Don't remember any President like Trump.

    He IS a bit different, wouldn't you agree?

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    Veteran Member bajisima's Avatar
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    I think the potential is there for it to go a bit higher still. But what I am wondering, is what happens when the heart of the boomers begin retiring and pulling from those pensions and 401Ks? Thats all stock market money. Younger generations arent as invested, if at all. Plus with their student debt loads it could be awhile before they even consider investing. Its at that point where I am concerned it could really come tumbling down hard.
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    Veteran Member PACE's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    We have companies like Apple that are approaching $1 Trillion in Market Cap. And they're getting a tax break.

    And they are moving their tech brains to Mexico;

    https://www.cnbc.com/2017/02/15/mexi...s-tighten.html


    yeah, yeah, yeah, I know all about Tim Cooke's investment in jobs in the US, those people will get paid squat; I am talking about the brains behind the machines; Jalisco is the place to be,,,
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    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by PACE View Post
    I don't think so, valuations were driven by mergers and acquisitions last year, especially in tech, and that driver is going away.

    Too many tie the economy to the market; that's a big mistake.
    and driven by return of dividends (profit that is given to the owners) which triggers the double taxation of profits

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    Veteran Member PACE's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    Trump just made the claim at his staff meeting that he thinks the market will go even higher. Don't remember any Presidents making stock market predictions.
    Dangerous thing to do,,, Bush did the same thing and the market crashed, in fact, Bush was so bullish on the market he took to the road and dragged his mother with him to make the argument for entitlement reform,,, invest in the MARKET!!!! 'HAPPY DAZE ARE HERE AGAIN"

    Remember that? I remember Barbara Bush speaking GLOWINGLY of this idea, and then?

    The market crashed,,, at it's lowest point; 6532.00

    And the foreclosures kept rolling in...

    But Mnuchin made a mint off of that? didn't he? he monetized American misery and threw vets out of their homes....

    Good clean American fun!!!!
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    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by PACE View Post
    And they are moving their tech brains to Mexico;

    https://www.cnbc.com/2017/02/15/mexi...s-tighten.html


    yeah, yeah, yeah, I know all about Tim Cooke's investment in jobs in the US, those people will get paid squat; I am talking about the brains behind the machines; Jalisco is the place to be,,,
    Only a democrat would bitch about jobs coming to the US your hate for Trump is made you hate the American worker.

    Your hate for trump is you would rather have people on welfare than a Republican President.

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