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Discussion in 'Off-Topic' started by RonBurgundy, Jul 11, 2019 at 10:42 AM.
With Dow crossing 27,000 today, only 11% away from 30,000. Projections?
This train is rolling, choo choo.
I think a recession is coming. Won't be as bad as 2008-2010, but the economy has been booming for too long and probably needs to cool off a bit.
Be prepared... several high level analysts who have predicted a lot of market moves past 20 years think Dow will reach 40,000 within next 3-4 years and then....BOOM..
wow. i am very wealthy now
Most economists disagree. They projected a slowdown in the economy this year (2nd half), but see growth continuing for several years yet.
We had a well known economist speak to us in Feb and he felt things would be good until 2030. He said if you aren’t retired by 2030, you are screwed. If you will be retired by then, you will be ok.
Not sure if you listen to kxno Morning Rush but they had Beer with Bruno today. Bruno said you can tell how the economy is doing a lot by restaurant openings/closures/and business level and he mentioned there have been more closings than you'd think.
Where do you work at (you can be general) and who was the economist?
lets keep it going....
See if I can replace the money I pulled out of mutual funds for stuff around the house..
The various leading indicators of macro performance are pretty solid through 2020 and 2021 -- no sort of spectacular 4% sort of growth, but at least chugging along at 2%.
I do not know when that translates to 30,000 in the DJIA, however.
Flip a quarter, your odds are as good as the "experts" that predicted rates would go up in 2019.
I work for a global company that does factory automation. The economist was Brian Beaulieu, CEO of ITR Economics.
The trajectory of the market is probably more closely tied to what central banks do or are expected to do than most other reasons.
I just don't see a recession happening within the next 2 years. WAY too much dry powder, RECORD low unemployment, falling interest rates, consmer confidence is falling but still above 100, election years are almost always good for the stock market, wages are rising at the highest rate of this expansion.
Trade war is soo political. Trump will reach a deal just in time for voting.
Corporations having too much debt on their balance sheets would be my 1 concern. But with Powell expected to start lowering interest rates. They can just refi at the same low rates and kick the can down the road
It can't go tits up.
Does everyone see what’s happening here?
I remember when there was a big watch for the Dow crossing 10,000 and it doesn't seem that long ago. I feel old.
I believe it was on St Patrick's Day 1999