GET READY FOR DOW 30,000, BUT BEWARE OF ‘BUY THE RUMOR, SELL THE NEWS’$MU $AMD $AMZN $AAPL $SPY $NFLX $BABA $AMAT $BAC $JPM $NVDA
With the Dow Jones Industrial Average topping 24,000 in a big rally this year, Dow 30,000 is now on the horizon. That was not always the case.
In February 2017, when the Dow DJIA, was much lower, I laid out a fundamental case for the benchmark reaching 30,000. I was scorned, as many expected the market not only to fall, but to crash. Let’s explore that issue with a chart.
Chart dating to 1950
The chart shows GDP growth going back to 1950. President Trump has been talking about 4% growth in gross domestic product, which, as you can see, is a tall order.… Please click here or the title below to read more.
December 1, 2017